Hi,
I request u to clarify my doubt for purchase material from SEZ unit worth rs. 70 lac, so is it applicable Tds u/s 194q for dedication or any exceptions to SEZ
Hi,
I request u to clarify my doubt for purchase material from SEZ unit worth rs. 70 lac, so is it applicable Tds u/s 194q for dedication or any exceptions to SEZ
Yes, TDS u/s 194Q must be deducted even if the seller is an SEZ.
If the buyer is eligible u/s 194Q whose turnover was more than Rs.10 crore in the previous financial year, he is liable to deduct TDS when he purchases goods exceeding Rs.50 lakh in value in a year from a seller.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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