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)
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
Welcome Dear.....
Recent Topic
- CPA for US tax
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
Related Topics
CAclubindia
