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Tds under section 194Q on expenses

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if A Ltd is buying paper Rim and stationery items for own consumption of Rs. 51 lakhs ,is there liability arise to deduct TDS under section 194Q.?
Replies (5)
No, Your turnover during the last F.Y is below 10 Crore including GST -So 1st condition is not satisfied.

So 194Q Provision is not applicable in your case.

If the turnover during the preceding year is >10cr, then tax to be deducted at source u/s 194q on purchase of any good including stationery once the threshold limit of ₹50 lacs is reached.

No TDS is not applicable
Turnover of last is more then 10 cr

Then check the 2nd condition, Ji.

 

Turnover from April to June - Exceeds Rs 50 Lakhs (Excluding GST) or Not.

 

The 2nd condition is also applicable, 194 Q is also in practical.


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