INCOME TAX: TDS on Purchase of Goods under Section 194Q

Finance Act 2021 has introduce a new section in TDS chapter 194Q TDS on Purchase of Goods, with effected from 1st July 2021. Section 194Q TDS on Purchase of goods Provision:- A Person (Buyer) liable to deduct TDS if:- His Sale / Gross Receipts / Turnover during last year exceed Rs.10 Crores and Purchase goods of...

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