TDS 194Q clarification

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32 Points Posted on 12 December 2022
sir our turnover FY 20-21 is 11 crore
and our turnover FY 21-22 is 6 cr.
i have doubt that is shoud i deduct TDS 194q or not.
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On 12 December 2022 at 11:51 Report
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This discussion clarifies the applicability of TDS Section 194Q based on turnover. For FY 2022-23, TDS under 194Q does not apply to individuals whose gross turnover in the preceding financial year (FY 2021-22) was less than Rs. 10 crores. Therefore, if your FY 2021-22 turnover was ₹6 crore, you are exempt from deducting TDS under this section for FY 2022-23.

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SEO Sai Gr. Hosp.
212489 Points Posted on 12 December 2022

This will not apply to individuals who had a gross turnover of less than Rs. 10 crores in the year before the year in which items are purchased.
No TDS u/s. 194Q applicable in the FY 2022-23.
 

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On 12 December 2022 at 13:44
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Profession
28261 Points Posted on 13 December 2022
Sec 194 Q here applies to every individual.
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On 13 December 2022 at 10:22

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