TDS applicability on Purchase of Furniture

Dear All,

I have purchased the furniture where cost of furniture is Rs.10 and freight charges is Rs.34000/-. my question is which TDS section is applicable to this transaction whether 194C of 194Q. we have already deducted the TDS under section 194Q on earlier purchases from the same company.

Party raised the invoice in accordance to HSN 9403 

 

Replies (4)
Quick Summary
TDS on furniture purchase (HSN 9403) depends on nature of transaction. For simple purchase of goods, Section 194Q applies if total purchases from the seller exceed Rs 50 lakh in a year. Freight is included in value for threshold. 194C applies only in contract/job work cases.

If it is just purchase transaction not job work, then 194Q is applicable.

Have u purchased the required materials for him and the contractor is purchasing for you. In case of 194q the upper threshold limit is Rs.50 lacs.
If it is only purchase of goods, then sec 194Q applicable above 50 lakhs purchase.

In your case, applicable on Rs. 34010/-
So sec 194 q is not applicable.

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