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TDS under section 194Q

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90 Points Posted on 07 August 2021
I have a doubt that TDS under section 194Q Applicable on purchase of HSD from india oil corporation.
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On 07 August 2021 at 16:35 Report
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Proprietor
33 Points Posted on 07 August 2021
Kindly clarify whether we have to deduct @ 0.1% on Basic Amount of purchase (or) Gross Value (Basic + GST). Also for computing limit of Rs.50.00 lakhs, whether we have to take Basic Purchase Value (or) Gross Bill Value (Basic + GST).
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On 07 August 2021 at 17:50
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90 Points Posted on 07 August 2021
Deducted TDS on Basic value
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On 07 August 2021 at 17:51
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Proprietor
33 Points Posted on 07 August 2021

Thank you very much mam

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On 07 August 2021 at 18:06
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Chartered Accountant
24588 Points Posted on 08 August 2021
Tds should be deducted on basic value
129 Reply
On 08 August 2021 at 05:58
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ipcc
209 Points Posted on 08 August 2021
Tds will deducted on basic value only
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On 08 August 2021 at 08:50


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