TAX SUSPENSES
Vinod Bhatti (79 Points)
07 July 20211जुलाई 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 😊
Vinod Bhatti (79 Points)
07 July 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
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.
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