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TDS 194Q vs TCS 206CR
The seller has deducted TCS and the buyer is not allowed to deduct TDS, as the seller states they have already deducted TCS.
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Que. On Which transaction provision of the section 194Q not applicable?
Ans. The provisions of this section shall not apply to a transaction on which
(a) tax is deductible under any of the provisions of this Act like sec. 194O; and
(b) tax is collectible under the provisions of section 206C other than a transaction to which sub-section (1H) of section 206C applies.
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