TDS SECTION 194Q

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629 Points Posted on 04 July 2021
Dear Sir

please suggest with effect from 1 July TDs section 194Q applicable.
if turn over is last financial year 2021-21 Is Rs.3 Crore so can we eligible to deduct TDS on supplier.
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On 04 July 2021 at 20:08 Report
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This discussion clarifies the applicability of TDS Section 194Q from 1 July. It addresses a query regarding a business with a turnover of Rs. 3 Crore in the financial year 2020-21. The advice given is that Section 194Q is only applicable if the previous year's turnover exceeded Rs. 10 Crore, meaning it would not apply in this specific case.

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64 Points Posted on 04 July 2021
194Q is applicable only when PY turnover exceeds 10 Crore
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On 04 July 2021 at 20:48
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CMA
13117 Points Posted on 04 July 2021
Not applicable in your case.
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On 04 July 2021 at 22:20

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