Claim of tds under section 194Q

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....laim of tds under section 194Q<br> Query (Issue) Started By: - Rakesh Bansal Dated:- 12-7-2022 Income Tax<br>Income Tax<br>Sir, my client is a commission agent (Kacha Arhatiya) and is in business of s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....elling agriculture crop on behalf of the farmers. During fy 2021-22, their sales of crop exceeded Rs.1.50 Crore and the buyer of crop made deduction of tax at source in accordance with the provisions ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of section 194Q. As a matter of fact/law the turnover in the case of such type of commission agent is the receipt of commission alone. The other amount pertaining to the value of goods has been exclu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ded from the amount of turnover. My query on the issue is that how to claim and reflect the amount of TDS in the return of income and also how to match it with the turnover in the schedule of TDS. Ho....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pe my question will be clear.<br> Discussion Forum - Knowledge Sharing ....