dear sir, my ternover up to 3 carore and my supplier up to 50 lack above. so I am eligible for TDS deducter us194 Q?
Replies (3)
Quick Summary
This discussion clarifies the eligibility criteria for TDS deduction under Section 194Q. It is confirmed that if your business turnover is below ₹10 crore, you are not required to deduct TDS under this section, even if your suppliers' turnover exceeds ₹50 lakh. The key threshold for applicability is the buyer's turnover.