https://www.taxtmi.com/article/detailed?id=9833 Section 194Q imposes primary TDS on buyers for purchases of goods exceeding the statutory threshold where the buyer meets a turnover condition, with deduction at time of credit or payment; section 206(1H) requires TCS by sellers on receipts above the threshold but yields to other TDS provisions. Both provisions operate on aggregate annual transactions, may include indirect taxes in the taxable base, involve distinct reporting and certificate obligations, and create operational burdens requiring automation and clarifications on GST inclusion and the threshold computation date. en-us Wed, 09 Jun 2021 10:09:31 +0530 Wed, 09 Jun 2021 10:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9833 Section 194Q imposes primary TDS on buyers for purchases of goods exceeding the statutory threshold where the buyer meets a turnover condition, with deduction at time of credit or payment; section 206(1H) requires TCS by sellers on receipts above the threshold but yields to other TDS provisions. Both provisions operate on aggregate annual transactions, may include indirect taxes in the taxable base, involve distinct reporting and certificate obligations, and create operational burdens requiring automation and clarifications on GST inclusion and the threshold computation date. Articles Income Tax Wed, 09 Jun 2021 10:09:31 +0530 https://www.taxtmi.com/article/detailed?id=9833