My company purchases diesel from a vendor for running our plant. should we deduct TDS if the amount of purchases exceeds 50 lakhs
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TDS u/s 194Q on purchase of diesel
Replies (4)
Quick Summary
Yes...
Yes TDS to be deducted where the purchase exceeds Rs, 50 Lacs during a FY
0.1% Tds applicable under section 194Q
thank you everyone for your valuable input. i had the same doubt but just decided to ask once
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