Tds on goods sold

This discussion clarifies that standard TDS sections like 194C, 194J, and 194I primarily apply to services, not the sale of goods. Section 194Q introduces TDS on the purchase of goods if your previous year's turnover exceeded £10 crore and the purchase value surpasses £50 lakh. For contracts involving the supply of goods, Tax Collected at Source (TCS) will generally apply, while TDS is relevant for the buyer when purchasing goods above certain thresholds.