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FAQ on e-Dispute Resolution Committee and Form 34BC (No. of topics: 40)

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How to deal with a transaction which is covered both under section 194Q as well as section 206C(1H)?

FAQs on TDS or TCS on sale or purchase of goods

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TDS under Section 194Q takes priority; if buyer deducts tax, seller need not collect under 206C(1H).
When a sale of goods triggers both Section 194Q and Section 206C(1H), the buyer must first deduct tax under Section 194Q, and if the buyer does so the ... Summary

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Income Tax - Frequently Asked Questions (FAQs)

Income Tax - Frequently Asked Questions (FAQs)

How to deal with a transaction which is covered both under section 194Q as well as section 206C(1H)?

FAQs on TDS or TCS on sale or purchase of goods

Income-tax Act, 1961

TDS under Section 194Q takes priority; if buyer deducts tax, seller need not collect under 206C(1H).

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Income-tax Act, 1961

TDS under Section 194Q takes priority; if buyer deducts tax, seller need not collect under 206C(1H).

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