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TDS u/s 194Q on branch TRF.

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Pradeep Kumar Sarangi

Account Executive

121 Points Posted on 09 July 2021

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.