whether TDS is applicale on water tanker purchase ( real eastate business) for construction.
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Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to the purchase of water tankers for construction in the real estate business. The consensus is that TDS is applicable if the purchase falls under Section 194Q of the Income Tax Act. If it does not meet the criteria for Section 194Q, then TDS is not liable.