Tds 194q is applicable for purchase from SEZ

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.