Tax deduction at source on goods purchases applies to buyers above turnover threshold, requiring deduction on payments exceeding prescribed limit.

Section 194Q requires specified buyers, defined by a turnover criterion, to deduct tax at source when payments or credits for purchase of goods exceed a prescribed aggregate threshold, by deducting a stipulated percentage on the amount exceeding that threshold at the time of credit or payment. Credits to any suspense or similarly named account are treated as credit to the payee for these purposes. The Board may issue binding guidelines, with prior Central Government approval and parliamentary laying, to address implementation difficulties. Transactions already covered by other deduction or collection provisions are excluded.

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