https://www.taxtmi.com/forum/issue?id=121045 TDS on purchase of goods applies only where the purchaser meets the prescribed turnover or gross-receipts threshold in the immediately preceding financial year. A newly incorporated company with no prior-year turnover does not qualify as an eligible buyer in its first financial year. Purchases exceeding the applicable threshold, including fixed assets or capital goods, do not independently trigger TDS. The possible inclusion of fixed assets within "goods" becomes relevant only after buyer eligibility is established. en-us Tue, 28 Jul 2026 13:58:08 +0530 Tue, 28 Jul 2026 17:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121045 TDS on purchase of goods applies only where the purchaser meets the prescribed turnover or gross-receipts threshold in the immediately preceding financial year. A newly incorporated company with no prior-year turnover does not qualify as an eligible buyer in its first financial year. Purchases exceeding the applicable threshold, including fixed assets or capital goods, do not independently trigger TDS. The possible inclusion of fixed assets within "goods" becomes relevant only after buyer eligibility is established. Discussion-Forum Income Tax Tue, 28 Jul 2026 13:58:08 +0530 https://www.taxtmi.com/forum/issue?id=121045