Menu
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.
Replies (1)
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.
Recent Threads
- Form 49AA - OCI card holder applying for PAN card
- Property purchase by parents
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
