TDS on purchase 194 q

This discussion clarifies the applicability of TDS under Section 194Q for purchases. TDS is applicable on the total purchase value exceeding Rs. 50 lakhs in a financial year, to be deducted when the invoice is accounted for or payment is made, whichever comes first. It's also noted that the buyer's sales turnover must exceed Rs. 10 crore in the previous financial year for TDS under 194Q to apply.