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.
pavan prabhas
(206 Points)
Replied 05 July 2022
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 05 July 2022
Both practice are prevailing the market.
However you can resort to deduct TDS on Taxable value, that is the right way.
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 05 July 2022
TDS is applicable on Taxable value i.e. excluding GST component.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 05 July 2022
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