TDS on purchase of goods requires deduction at time of credit or payment, whichever is earlier under Section 194Q. Section 194Q of the Income tax Act mandates TDS on payments to a resident for purchase of goods, with the duty to deduct arising at the earlier of credit ... Summary
TDS on purchase of goods requires deduction at time of credit or payment, whichever is earlier under Section 194Q.
Section 194Q of the Income tax Act mandates TDS on payments to a resident for purchase of goods, with the duty to deduct arising at the earlier of credit to the payee's account or actual payment.
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