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Section 194Q

Latest Articles


Interplay of section 194Q with section 206C(1H)

Income Tax : Understand the interplay between Section 194Q and Section 206C(1H) of the IT Act, detailing TDS and TCS obligations on high-value ...

May 24, 2024 4374 Views 0 comment Print

TDS on Purchase of Goods & TCS on Sale of Goods: Applicability & Rates

Income Tax : Understand TDS on Purchase of Goods (Section 194Q) and TCS on Sale of Goods (Section 206C(1H)). Learn their applicability, rates, ...

May 21, 2024 2424 Views 0 comment Print

TDS and TCS on Purchase/Sell of Goods

Income Tax : Understand whether TCS u/s 206C(1H) or TDS u/s 194Q of the Income Tax Act applies to sales/purchases above 50 lakhs in India with ...

February 21, 2024 7356 Views 1 comment Print

Section 194Q Explained: TDS on Goods Purchase in India

Income Tax : Demystify Section 194Q for TDS on goods purchase in India. Learn about deductor, rates, exemptions, time of deduction, and implica...

October 26, 2023 8385 Views 0 comment Print

TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

Income Tax : Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Ea...

July 25, 2023 53247 Views 4 comments Print


Latest Judiciary


ITAT allows credit of Full TDS to assessee who acted as agent (kaccha arahtia)

Income Tax : Read the detailed analysis of Kanjula Rajagopal Reddy Firm vs. ITO case by ITAT Vishakhapatnam regarding TCS credit eligibility un...

May 7, 2024 738 Views 0 comment Print

HC admit Pleas against Oil Companies Circular mandating to pay without deduction of Section 194Q TDS

Income Tax : According to the learned counsel for the petitioner, the Income Tax Department has clarified the newly introduced provision of Sec...

July 6, 2021 1881 Views 0 comment Print


Latest Notifications


Guideline on TDS/TCS under Section 194O, section 194Q & Section 206C

Income Tax : Guidelines under sub-section (4) of section 194-0, sub-section (3) of section 194Q and sub­section (1-I) of section 206C of the I...

November 25, 2021 24594 Views 0 comment Print

No Section 194Q TDS on transfer of goods by Air India to holding company

Income Tax : Central Government hereby specifies that no TDS shall be deducted under section 194Q in case of transfer of goods by Air India Lim...

September 10, 2021 1023 Views 0 comment Print

Guidelines under section 194Q of Income-tax Act, 1961

Income Tax : CBDT releases Guidelines under section 194Q of Income-tax Act, 1961 vide Circular No. 13 of 2021 | Dated: 30th June, 2021. Section...

June 30, 2021 61422 Views 0 comment Print


Latest Posts in Section 194Q

Interplay of section 194Q with section 206C(1H)

May 24, 2024 4374 Views 0 comment Print

Understand the interplay between Section 194Q and Section 206C(1H) of the IT Act, detailing TDS and TCS obligations on high-value transactions.

TDS on Purchase of Goods & TCS on Sale of Goods: Applicability & Rates

May 21, 2024 2424 Views 0 comment Print

Understand TDS on Purchase of Goods (Section 194Q) and TCS on Sale of Goods (Section 206C(1H)). Learn their applicability, rates, and differences.

ITAT allows credit of Full TDS to assessee who acted as agent (kaccha arahtia)

May 7, 2024 738 Views 0 comment Print

Read the detailed analysis of Kanjula Rajagopal Reddy Firm vs. ITO case by ITAT Vishakhapatnam regarding TCS credit eligibility under Section 194Q without TDS shortfall.

TDS and TCS on Purchase/Sell of Goods

February 21, 2024 7356 Views 1 comment Print

Understand whether TCS u/s 206C(1H) or TDS u/s 194Q of the Income Tax Act applies to sales/purchases above 50 lakhs in India with clear explanations and examples.

Section 194Q Explained: TDS on Goods Purchase in India

October 26, 2023 8385 Views 0 comment Print

Demystify Section 194Q for TDS on goods purchase in India. Learn about deductor, rates, exemptions, time of deduction, and implications of non-compliance.

TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

July 25, 2023 53247 Views 4 comments Print

Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Easy-to-understand guide.

TDS U/S 194Q and its Applicability to Kachha Arahitias – Analysis & Guidelines

July 11, 2023 3117 Views 0 comment Print

Explore the provisions of TDS U/S 194Q and its applicability to Kachha Arahitias in selling crops on behalf of farmers. Understand the objections raised by CPC and the relevant circulars issued by CBDT.

Summary of TCS provisions and TDS on Purchase of goods

May 7, 2023 6039 Views 0 comment Print

Explore a summary of important TCS provisions and a comparison of TDS on the purchase of goods. Understand Sections 194Q, 206C(1H), 206C(1F), and 206C(1G) with insights from the article.

TDS & TCS Recent Reforms and Provisions

March 31, 2023 504 Views 0 comment Print

Learn about TDS provisions in the Income Tax Act, including Section 194N, 1940, 194P, 194Q, 194R, 194S, 206C(1G), 206AB, and 206CCA. Stay compliant and avoid penalties.

Interplay between TDS u/s 194Q and TCS u/s 206C(1H)

March 29, 2023 52560 Views 1 comment Print

Understand the interplay between TDS under section 194Q and TCS under section 206C(1H) in the Income Tax Act. Learn the basic provisions and applicability of these sections on both the purchase and sale of goods.

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