Summary of section 194Q and 206C(1H)

Last updated: 28 July 2021
Quick Summary
This downloadable flowchart visually breaks down the applicability of Section 194Q (TDS on purchase of goods) and Section 206C(1H) (TCS on sale of goods) in India. It helps determine liability for TDS or TCS based on buyer's and seller's turnover thresholds and transaction values exceeding 50 Lakhs. This resource is invaluable for businesses and tax professionals seeking clarity on these specific tax provisions.

File details
PDF 224 KB 0 downloads Income Tax
File description
Summary of section 194Q and 206C . #pdf
Download PDF 224 KB Like
Submitted by · Posted 28 July 2021 · Other files by Sudiesh · Report
Comments

Recent Files in Income Tax

View more →
PDF

FAQs on TAN as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Tax Audit as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Agricultural Income (Section 2(5) and Rule 270) as per IT Act 2025

17 September 2026 Download
PDF

Withholding Tax Rates as per IT Act 2025

14 September 2026 Download
PDF

ICAI Releases Handbook on Residential Status for NRIs

10 September 2026 Download
PDF

User Manual of UDIN Portal for ICAI DigiCA Platform

01 September 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member jatinjatinPro Member CA Sunny SharmaCA Sunny SharmaPro Member srinidhi K Ssrinidhi K SPro Member zafar chandwalezafar chandwalePro Member Paramjeet Singh ThakurParamjeet Singh Thakur
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI Bulletin - September 2026
  2. RBI | Report of the Advisory Committee on Ways and Means Advances to State Govts
  3. ICSI | Exposure Draft of Proposed Syllabus 2027
  4. ICAI Students' Journal: October 2026 Edition
  5. CA Intermediate Financial Management and Strategic Management Paper New Course September 2026
  6. FAQs on Tax Audit as per IT Act 2025
  7. FAQs on TAN as per IT Act 2025

Latest Job Openings

View all
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details