Section 194Q: TDS on Purchase of Goods Exceeding Rs. 50 Lakhs

Effective from 01-July-2021, Any person, being a buyer who is responsible for paying any sum to any resident for purchase of any goods of the aggregate of such value exceeding fifty lakh rupees in any previous year, shall, at the time of credit of such sum to the account of the seller or at the time of payment thereof by any mode

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