If my supplier turnover is above 10 cr and my turnover is below 10 cr.
Is it eligible to deduct TDS 0.1% for my supplier?
Anybody please suggest
Menu
TDS 194Q Eligible?
Replies (2)
No.
As per explanation to section 194Q, the term ‘buyer’ means -- A person having total sales/ gross receipts/ turnover exceeding INR 10 Crores in the immediately preceding Financial Year in which the specified purchase of goods took place.
Sorry, I am not a featured member...
for featured member contact..
https://www.caclubindia.com/catalogue/featured.asp
Recent Topic
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
Related Topics
CAclubindia
