Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Mandatory 0.1% TDS on Goods Purchases for Buyers with Annual Sales Over Rs. 10 Crore and Specific Purchase Thresholds</h1> A legal provision for Tax Deduction at Source (TDS) on goods purchases applies when a buyer's annual sales exceed Rs. 10 crore and purchases from a resident seller surpass Rs. 50 lakh. The TDS rate is 0.1% of the purchase value, increasing to 5% without the seller's PAN. Deduction occurs when payment is credited or made, whichever is earlier. Certain transactions through exchanges and specific sectors are exempted from this provision.