TDS u/s 194Q on branch TRF.

TDS u/s 194Q proviso shall apply on inter or intra state branch transfer, where the the turnover is more than 10 crores and transaction value also exceeding Rs.50 lakh.
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Quick Summary
This discussion clarifies the applicability of TDS under Section 194Q on branch transfers. It explains that the section applies to inter or intra-state branch transfers if turnover exceeds 10 crores and transaction value surpasses Rs. 50 lakh. However, it's noted that 194Q is PAN-based, making it generally not applicable to branch transfers.

not applicable for inter transfer

Please note 194Q is PAN based hence it's not applicable for branch transfer
Thank You expert

According to which provisions you are quoting this sir? The reference will be helpful ! 

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