TDS U/S194Q

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Sir/Madam,

I would request you to clarification about Tds U/s 194Q, is it applicable in current FY 26-27 if Previous FY 25-26 purchase were more then 50lac from single supplier or it will  applicable current FY 26-27 cross the thresold limit of 50lac.

My doubt is if aplicable one FY, is it continue with coming FY or it is effeccted to particular FY only.

 

 

Replies (1)

For FY 2026-27,section 194Q applies if purchases exceeds 50 lakhs  made in this FY 2026-27 only

I.e it applies separately for each Financial Year and for each seller.


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