Tds on coal

670 views
User Avatar

12 Points Posted on 27 July 2021
is tds 194q applicable on coal which subheadings no 2701?
0 Reply Share Follow
On 27 July 2021 at 18:53 Report
Replies (3)
Quick Summary
This discussion clarifies the applicability of TDS Section 194Q to coal purchases. As coal is considered a movable good under the Sale of Goods Act, Section 194Q, effective from July 1, 2021, is applicable if your annual purchase value from a single seller exceeds fifty lakh rupees.

User Avatar

ACA
1533 Points Posted on 27 July 2021
Tax is required to be deducted by such person if the purchase of goods by him from the seller is of the value or aggregate of such value exceeding fifty lakh rupees in the previous year.” ... This new Section 194Q is proposed to be applicable from 1st July 2021.
Coal is movable comes within the meaning of goods
Reply
On 27 July 2021 at 22:33
User Avatar

146 Points Posted on 28 July 2021
194Q Is applicable on a purchase of Goods , if the same is goods then it will be applicable
Reply
On 28 July 2021 at 08:39
User Avatar

ACA
1533 Points Posted on 28 July 2021
As per sale of goods Act
goods means movable, have market value and ready for delivery
Reply
On 28 July 2021 at 08:42

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. CA Fees deduction for non audit case allowed?
  2. 5th Letter PAN Mismatch with Surname issues still
  3. Criteria to hire an article
  4. Guidence requested for a Finance Professional with
  5. Expert Opinion Required – Form 140 Gross Amo
  6. WRONG TAX DEMAND - formal responses , rectificatio
  7. Foreign remittance
  8. Affordable Residential Flats in Gurgaon
  9. Manufacturing
  10. TAN REGISTRATION ON E-FILLING SITE

More recent discussions | Post