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.
Menu
TDS on Purchase of Goods u/s 194Q
Replies (6)
Quick Summary
Tds is applicable on taxable value only and not on invoice value.
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.
TDS applicable on taxable value only
Dear all hearty thanks for your instant reply
Welcome Dear.....
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
