Dear Tax professional,
Please clear my doubts related to u/s 194Q. we have purchased material from our supplier above 50 lakh. TDS applicable for invoice value or Taxable values.
Both practice are prevailing the market.
However you can resort to deduct TDS on Taxable value, that is the right way.
TDS is applicable on Taxable value i.e. excluding GST component.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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