TDS rule for 194Q

Section 194Q – Purchase of Goods When configuring the TDS tax rule for Section 194Q, the threshold should be set at ₹50 lakh on a yearly basis, and the “Retrospective” option must be set to “NO” for vendors with PAN. This is because, under government regulations, the vendor is not liable to deduct TDS on… Continue reading TDS rule for 194Q