If I purchase Gas on regular basis for my factory, from Gujrat Gas Ltd. whether TDS u/s 194(Q) is applicable on transaction above 50 lacs?
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Quick Summary
This discussion explores the applicability of TDS under Section 194(Q) for businesses regularly purchasing gas from Gujarat Gas Ltd. The core question is whether transactions exceeding ₹50 lakhs trigger this TDS provision. Further details regarding the purpose of purchase, previous year's turnover, and total purchase amount from Gujarat Gas are needed to determine the exact TDS liability.