TDS -194Q -Payment for purchase of goods

Page no : 2

sabyasachi mukherjee (25988 Points)
Replied 08 June 2021

The query needs to be more explicit.

veerendar singh (tax consultant) (3301 Points)
Replied 08 June 2021

This is also a good example of dual deduction.
ankit things are right in front of you. but if you still cant comprehend then I cant help.

1 Like

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 08 June 2021

Yes it will be applicable if the conditions of 196q met

Sivaramaraju G (Learner) (2398 Points)
Replied 08 June 2021

Agreed with veer, He is saying for different components in same contract will attract TDS under two different sections.

like for material 194q and for balance 194C

NOTE: One can not agree by himself in front of others saying he is correct by creating dual accounts

2 Like

Surekha Padala (47 Points)
Replied 08 June 2021

Yes sir, agreed with veer sir

2 Like

Mariappan (Student CA final new) (105 Points)
Replied 08 June 2021

Thank you all 🙏🙏

veerendar singh (tax consultant) (3301 Points)
Replied 08 June 2021

Thankyou ramaraju and surekha ji

Ankit Neema (2742 Points)
Replied 08 June 2021

Yes , Dual deduction is there , sorry Veer I have misinterpreted the word dual deduction. You mean that particular bill items may fall in two sections, then obviously TDS is required to be deducted in those different sections, as per expenditure wise.
like bill include material and contract charges then 194Q for material and 194C is for contract.