banner_ad

TDS deduction from purchaser compulsory or not?

244 views 5 replies

TDS deduction from purchaser compulsory or not?

Replies (5)
Elaborate your query

If I purchased goods from supplier , so TDS will be deducted or not ?

TDS on purchase will applicable only 10Crs of T/o and transaction value of above Rs 50L . TDS will be 0.10% w.e.f 01.04.2021

 

TDS will be deducted U/s194Q, T/o must exceeds Rs10Cr and Upto50L- There is no tds on goods purchased from seller. Buyer has to deduct TDS and pay to the Govt on subsequent month on or before 7th. Once T/O limit has been exceeding during the PY, we need to deduct TDS.

Agree with above comment


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details