A & B dealer having more than 10 crore turnover. A sales goods to B and also purchases goods from B.
A has to deduct tds us194q considering threshold limit of 50lac or on all purchases made after 1/7/2021
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Tds 206c1h and 194Q
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All purchases made after 01.07.2021. (subject to the balance of Rs. 50 lakhs, if not fully utilized before 01/07.)
TDS would apply once the threshold of ₹50 lacs of purchase from 1st April onwards crosses
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