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TDS -194Q -Payment for purchase of goods

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Student CA final new
106 Points Joined December 2012
TDS on 194C not applicable for material value of contract. in that case for material value 194Q is applicable or not?
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On 07 June 2021 at 05:11 Report
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146 Points Joined May 2021
Yes, if the conditions of 194Q met.
2 Reply
On 07 June 2021 at 06:37
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49 Points Joined July 2020
Yes, if the purchase value exceeds 50 lakhs and your turnover exceeds 10cr. in the previous year, then u need to deduct tds under 194Q
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On 07 June 2021 at 12:21
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tax consultant
3306 Points Joined October 2018
Tds compliance is getting tough!!
dual deduction on a single contract.
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On 07 June 2021 at 15:14
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49 Points Joined July 2020

What do you mean by dual deduction sir? Can u tell us an example regarding 

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On 07 June 2021 at 15:18
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tax consultant
3306 Points Joined October 2018
I meant that this person must deduct tds under two sections, under 194c and 194q.
this case itself is a good example.
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On 07 June 2021 at 15:33
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49 Points Joined July 2020

Sir, but there is an exception regarding that in 194q..na..if tds is required to be deducted under any other section then there is no need to deduct tds under 194q.

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On 07 June 2021 at 15:49
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2742 Points Joined October 2018
Yes surekha Ji you are right, that there will be no double deduction on a Same Exp.
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On 07 June 2021 at 17:12
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tax consultant
3306 Points Joined October 2018
But here there is two components to a single contract. if we look at the components separately then dual deduction may apply
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On 07 June 2021 at 18:13
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2742 Points Joined October 2018
No Double deduction, as 194Q is on a purchase of goods.
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On 07 June 2021 at 18:40
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tax consultant
3306 Points Joined October 2018
Ankit you are not getting what i am saying.
in a single contract/transaction two sections are into play 194c and 194q. nevertheless two different amounts are being subjected to tds.

i have only said dual deduction and not double deduction.
i agree that there is no double deduction.
i am only saying there is dual deduction.
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On 07 June 2021 at 19:07
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2742 Points Joined October 2018
Please explain with example.
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On 07 June 2021 at 19:08
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tax consultant
3306 Points Joined October 2018
This case itself is a good example
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On 07 June 2021 at 21:06
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2742 Points Joined October 2018
I am asking you to give the practical example with values
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On 08 June 2021 at 08:10
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146 Points Joined May 2021
Ankit You are write there is no double deduction, if there is bill of material that also has a freight charges, then 194Q is for material and 194C is for freight Charges.
No Double deduction.
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On 08 June 2021 at 08:15

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