Tag: TDS

Section 194Q – TDS on Payment for Purchase of Goods

Jun 16, 2024

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by

Sushanth_writes

in Income Tax

Section 194Q – Deduction of tax at source on payment of certain sum for purchase of goods Applicability: TDS u/s 194Q shall be deducted by a buyer if he is paying any sum to a resident seller for the purchase of goods of value exceeding Rs.50,00,000 in any year. This limit of Rs.50,00,000 can be…