Vinod Bhatti (78 Points)07 July 2021
1जुलाई 2021 को मैने किसी Party को 58,00,000 रुपए (gst incl.) का कोई item सेल किया
क्या इसपे TDS and TCS Applicable है ?
और इसकी क्या ENTRY आयेगी ?
PLZ HELP 😊
CMA Poornima Madhava
Replied 07 July 2021
TDS u/s 194Q would apply to the buyer if the turnover of the buyer is >10cr during the preceding year.
TCS u/s 206C(1H) would apply to the seller (on receipts from the buyer) if the turnover of the seller is >10cr during the preceding year and the turnover of the buyer is <=10cr during the preceding year.