Tds 194q is applicable for purchase from 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

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Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) under Section 194Q applies to purchases made from Special Economic Zone (SEZ) units. The consensus is that TDS u/s 194Q is indeed applicable, even when purchasing from an SEZ. Buyers whose turnover exceeded Rs. 10 crore in the previous financial year are liable to deduct TDS if their annual goods purchases from a single seller surpass Rs. 50 lakh.

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Hv u got the answer? if so pls reply if 194q applies on purchase from 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. 

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