TDS UNDER 194 Q APLICABLE FROM WHEN

anita (trainee) (514 Points)

27 August 2021  

An assessee is liable to deduct tis under 194Q.

HE has two query 

he has already paid more than 50 lakhs before 1.7.2021 so should he deduct TDS from the first payment in July or wait for 50 lakhs payment to cross in july

 

Secondly should he deduct 0.1%  on basic or basic plus gst ?