TDS applicability on Purchase of Furniture

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Accountant
85 Points Posted on 10 August 2022

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 

 

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On 10 August 2022 at 14:56 Report
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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.

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CA
878 Points Posted on 10 August 2022

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

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On 10 August 2022 at 15:05
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Profession
19978 Points Posted on 10 August 2022
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.
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On 10 August 2022 at 17:58
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Practising CA
5649 Points Posted on 10 August 2022
If it is only purchase of goods, then sec 194Q applicable above 50 lakhs purchase.

In your case, applicable on Rs. 34010/-
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On 10 August 2022 at 22:33
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Profession
19978 Points Posted on 11 August 2022
So sec 194 q is not applicable.
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On 11 August 2022 at 17:32

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