U/S 194Q -Reg

Dear All,

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.
Replies (4)
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.

Yes, Because this section is applicable on purchase of Goods
Yes it will comes under perview of 194Q
Yes, 194Q would apply even in this case I think.
Some persons is asking declarations

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