1.what to be done TDS should be deducted on purchase after deduction discount of the month or on purchase only not to consider discount.
2. what if it is done on advance payment Basis how to treat discount in this.
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TDS on purchase of goods and discount
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Dear Hitesh,
As per Sec 194Q, for the calculation of TDS, the post-purchase transaction shall not be adjusted. Therefore discount will not be considered if it's after being purchased.
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