We are manufacturing Fruit based products. We are purchased agriculture Fruit products. These all are tax exemption products. These products also coming the U/s.194Q ?
Pl. give your advice.
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Quick Summary
This discussion addresses whether Section 194Q of the Income Tax Act applies to the purchase of agricultural fruit products that are otherwise tax-exempt. The consensus among contributors is that Section 194Q, which pertains to the purchase of goods, will still apply even if the products themselves are tax-exempt. Some users are also inquiring about the necessity of declarations in this context.