Read more about the article Section 194Q of the Income Tax Act: TDS on Purchase of Goods, TDS Rate, Example, and Turnover Limit

Section 194Q of the Income Tax Act: TDS on Purchase of Goods, TDS Rate, Example, and Turnover Limit

Section 194Q of the Income-tax Act, 1961 covers the deduction of Tax Deducted at Source (TDS) on the purchase of goods. Under this provision, the buyer must deduct TDS at…

Continue ReadingSection 194Q of the Income Tax Act: TDS on Purchase of Goods, TDS Rate, Example, and Turnover Limit