TDS Applicability on Sale or Purchase of Goods || Section 194Q or Section 206C(1H) ||

Рет қаралды 65,257

Жыл бұрын

Dear Friends
Lets understand
(a) Section 194Q For Purchase of Goods
(b) Section 206C(1H) For Sale of Goods
Please be noted that Turnover in Preceding Year should exceed 10 cr of the assesses then both these sections becomes applicable
If TDS and TCS both are applicable then Section 194Q TDS on purchase of Goods will Prevail
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Does 194Q override 206C 1H?
What is TDS u/s 206C 1H?
What is Section 194Q in TDS?
Who is eligible for 194Q?
Is TDS applicable on sales of goods?
Who is liable to deduct TDS 194Q?
What is the limit of 50 lakhs for 194Q?
#194q
#206C(1H)
#194q_section
#206c(1h)_section
#tdspurchasegoods
#tcssaleofgoods
#tdsincometax
#tds
#tdsreturn
#tcs
#taxdeductedatsource
#taxcollectedatsource
#purchasegoodstds
#salegoodstcs
Thanks
CA Rahul Gupta
+91-80535-55086

Пікірлер: 133

@rushabhmurkute4404 3 ай бұрын

valuable excellent information, nice explanation, Thanks

@vijaykumarsingh9461 Жыл бұрын

Thanks sir Aaj clear hua difference muje itne dino baad

@sajalsarkar4769 Жыл бұрын

Sir, excellent information. Thank you

@dattatraywaghmode1755 Жыл бұрын

Excellent information Sir Keep it up Thank you

@Sandeep-si8ci Жыл бұрын

Thanks to explaining in the simplest way......

@vasimakram5877 11 ай бұрын

Sir, the way of your explanation is so nice❤❤

@KuldeepYadav-gn6ql Жыл бұрын

Absolutely video ! sar Aisa video Maine pahli bar dekha aur maja a Gaya

@CARahulGuptaRVG Жыл бұрын

Thanks so much Kuldeep Ji...

@darshanshinde4518 Жыл бұрын

Thank you soo very much Sir for such a simplified explanation 👍🙏

@rumblingtwins6130 5 ай бұрын

Thanks Sir the Concept is Totally Clear Now

@mukeshsharma5697 5 ай бұрын

Thanks as i have cleared interview after seen this video

@varshashah1048 10 ай бұрын

Thank u so much srr for simplified explanation

@vaibhavgupta8162 Жыл бұрын

Sir aap bht acha kaam kar rahe hai...... Jai Hind

@warishgarg987 4 ай бұрын

Very well explained with example

@hiteshgandhi3450 11 ай бұрын

Sir very well explained.. Thanks a lot

@gopavaramseshu Жыл бұрын

excellent sir never seen before

@abhijitpaul1009 2 ай бұрын

Sir ,valuable information ,thank you sir

@nafeesapathan6756 Жыл бұрын

Thnak you sir Very useful Info shared by u .

@maajalove 5 ай бұрын

Very very thank you sir ❤, for your informative video , 😊

@sachinmahendrakar1003 Жыл бұрын

Very well explained sir

@dheerajkhandal Жыл бұрын

Sir ache se samjh aa gaya...Aapne Sare doubt Clear Kr Diye... Thank U so much 🙏🙂

@CARahulGuptaRVG Жыл бұрын

Welcome Brother

@c.r.lokesh1102 Жыл бұрын

Very very nice guidance sir

@amansinha695 Жыл бұрын

Very nice sir ji

@dilipchavan8547 Жыл бұрын

Sir great information on 194q and 206c

@nitughare 10 ай бұрын

Good explanation sir

@TheAaaaaaaabhi Жыл бұрын

Fantastic video

@Rsgamer0001 Жыл бұрын

Suprb rahul sir👍

@prashantagarwal355 Жыл бұрын

Best explanation

@vikassrivastava3641 Жыл бұрын

Perfect Sir

@mdfaeemkhan9440 Жыл бұрын

Thank you 💖 Nice video 👍

@albertduron1659 5 ай бұрын

As per Income Computation and Disclosure Standard IV "Revenue" is the gross inflow of cash.

@LeDeKe Жыл бұрын

Rahul ji Bohut hi accha tha yeh video. Yeh kaafhi simple hain, lekin complicated hai. 🤣🤣🤣

@CARahulGuptaRVG Жыл бұрын

Sir section hi complicated hai... There are 3 to 4 variables, wo samajh lijiye bus aa jayega samajh...

@tallywithabhikaushik Жыл бұрын

Thanks sir

@SKGupta-wj8hp Жыл бұрын

Very nice Sir

@sachinmahendrakar1003 Жыл бұрын

Very well explained all doibts cleared sir Thanks

@CARahulGuptaRVG Жыл бұрын

Pls watch our videos in Playlists of Gst and Income Tax. We hope we will add value to your knowledge... Regards. CA Rahul Gupta

@janvithakur6479 10 ай бұрын

Nice sir great

@pratyaksha7309 4 ай бұрын

Thank you Sir ❤❤

@yourchannel7768 10 ай бұрын

Thank you sir 😘

@surendeakumar5559 Жыл бұрын

Thank sir

@issrajpoot Жыл бұрын

Thanks sir 👍🏻

@iramayub1857 6 ай бұрын

Thanks alott sir

@jyotibansal4925 Жыл бұрын

👍

@MohitKumar-ve8wx Жыл бұрын

Nice video❤

@deepakjha6701 4 ай бұрын

Nice

@Gkj57 Жыл бұрын

Tq sir 🙏

@galaxygroup7366 Жыл бұрын

Sir, Thanks for your best explaining vidio.Sir,muje mere accountant ne tcs on invoice value pe collect karne ko bola he (taxebal velue +gst) to hakikat kya he taxable value pe TCS lagega ya total invoice value per lagega ?or agar samne wala pancard provide karta he to TCS 1% lagega ya 0.01% lagega ?

@rangakare 11 ай бұрын

Thanq for providing valuable information ,please share the work sheet for refernce

@jaredjonas1353 Жыл бұрын

9:36 TDS Vs TCS

@yogahealthcare007 11 ай бұрын

Sir FY 2022-23 KA TURNOVER 1.22 CR. KA HAI..... AB 2023-24 ME MUJHE TDS KATNA PADEGA ? और TDS SUPPLIER SE EVERY PURCHASE KI PAYMENT KRNE PR KATNA HAI...?

@maajalove 5 ай бұрын

1 Question. Agar kisi party ka 2020-21 me tornover 10 cr ho to party 21-22 ke liye TDS ,TCS APLICABLE hai , so question is agar phir party ka turnover 21-22 me 10 cr. Nhi hua to kya vo party 22-23 me TDS,TCS APLICABLE nhi hogi kyaa ?

@keshavaggarwal2801 3 ай бұрын

Sir agr scrap sale hai ton kya hoga 206(1) or (1H)

@pradipdutta9040 3 ай бұрын

Aggregate purchase 50lacs above previous financial year pe check karu ya present financial year pe check karu

@rjmotovlogs1699 Жыл бұрын

Sir mere client ne purchase kri thi 50 lakh se jyada to mene tcs on sale of goods kaat diya h to ye shi h ya galat h plzz suggest

@madhum1248 5 ай бұрын

Sir What is the TDS for if I purchase goods from foreign value is more then 50lakh

@sugandhraghav2549 17 күн бұрын

Sir question hai ki ager 1 . Suppose April main 1cr ki purchase or upse 0.1% tds jama kara diya 2. Next month 30 lac ki purchase return ho gyi to gya tds 70 lac pe jama karna ho hoga ?

@nilesh3442 5 ай бұрын

Sir debit note ya credit note pe tds/TCS lagana hai?

@devashishkumar7908 4 ай бұрын

Sir ek F.y year mei transaction 50 lakh se upar hota ha aur dusre F.y mei 50 lakh se kam ka transaction hota ha toh dusre year mei TDS or TCS katega ya nhi ? Please help me sir .

@rohitgusain8810 Ай бұрын

Sir, in TDS 194Q ma taxable amount ko dekhna ha 50lakh wali limit, na ki total purchase amount pa, am I right or wrong???

@subhaskundu7966 Ай бұрын

Exceeds 10 crore tds or tcs applicable sir,equal 10 crore tds or tcs not applicable 194Q-example pe exacct 10 crore ke upor nehi katna sir tds or tcs...

@PrinceTibrewal Жыл бұрын

Last me aapne kaha basic pe tds katega ????

@rajnisujanani752 Жыл бұрын

To 0.01% u/s 194q me kab applicable hota hai?

@RajuYadav-rt7xt 11 ай бұрын

Tata power par Tds katega

@entertainmentdifferentmusi9769 Жыл бұрын

Gst include purchase and sales value clear krdo with example

@surenderyadav1991 Жыл бұрын

50 lakh mujhe recipet payment dekhni h ya sale purchase value

@mominsahiil 20 күн бұрын

need your guidiance my question is "only transection exceeding 50L or on every transection after 50L" e.g. first bill 1000000 + 2nd bill 1000000 + 3rd bill 1000000 + 4th bill 1000000 + 5th bill 1000000 + 6th bill 1000000 now applicable on 6th bill ? (i.e 1000000*.1%) Thanks

@kalpeshchaudhari9836 Жыл бұрын

Sir yeh jo aapne basic value batayi hai last mein yeh Taxable Value hi hai na (without GST)?

@priyankavishwakarma9482 Жыл бұрын

Yes

@anuragchetri7 Жыл бұрын

Debit note pe katega?

@gauravsethi1226 Жыл бұрын

Respected Sir, Please guide sir if F.Y 2021-22 Me mera T.O 10cr hai.. F.y 22-23 me ek party esi aati hai jiske sath sale & purchase dono hota hai (party last year TO is less than 10cr) to muje us party ka 194q me tds katna hai payment ka after exemption of rs 50lac Also i have to collect tcs on the receipts and give 50lac exemption seperatly.. Right? Mostly confusion isme hai ki dono sections kj exemption deni hai 50lac ki...ya ek hi baar dena hai

@CARahulGuptaRVG Жыл бұрын

Gaurav ji kya farak padta hai Aap dono pe kaat dijiye.... that will be safer..... And 50 lakhs separately dekhiye dono sections ko.... Sale 50 lakhs... Purchase value 50 lakhs

@miteshpatel-fi9qb Жыл бұрын

Sir Transaction Value aggregate me 50Lakh se upar honi chahiye ya individually ek transaction ki?

@priyankavishwakarma9482 Жыл бұрын

In aggregate i.e if 50 lakh purchase or sales cross at any point, after then each transaction purchase or sales as the case may be will liable for tds/ tcs

@anujawasthi7412 Жыл бұрын

sir agar, kisi indusval name se bill bana ho or e-way bill ban chuka ho goods bhi dispatch ho chuka ho to kya bill me name change kar skte hai ( galat name se bill ban gya ho agar )

@vishalrsv1466 Жыл бұрын

😂

@jiteshgupta7722 Жыл бұрын

Sir what we do is when we enter the purchase at that time we deduct the tds for purchase….so 0.1 % is on taxable value or invoice value?

@priyankavishwakarma9482 Жыл бұрын

Basic Value i.e on transaction value and not on involve value Bcz invoice value consists GST

@lalitjain2081 Жыл бұрын

Computation without GST components sirji!

@cashahnawazshaikh Жыл бұрын

1) In A.Y. 2022-23 194Q applicable to the assessee and for AY 2023-24 purchase is made for Rs 55 Lakhs, so whether TDS is required to be deducted on just Rs 5 lakh. 2) Is the threshold benefit limit of Rs 50 Lakh applicable every year.

@CARahulGuptaRVG Жыл бұрын

Yes TDS on 5 lakhs Threshold applicable every year...

@vasimakram5877 11 ай бұрын

Sir, suppose if We deduct Tds at the time of payment to seller and turnover increase than payment then in which amount we have to deduct TDS.

@theoblanca1062 4 ай бұрын

if your company's previous turnover is greater than 10 cr then only tds applicable

@reshiimran1991 11 ай бұрын

Suppose Mr A buyer and Mr B seller both have 10cr turnover, and transactions above 50 lac. What is applicable tds or tcs or both.

@nilayaranjanbarick1117 7 ай бұрын

Tds overruled tcs

@souravjoshifanclub5216 Жыл бұрын

Sir

@dineshbhat9194 Жыл бұрын

Sir maine year 2021-22 me 3 lakh ka total crypto sell kiya. Muje annual profit 10k hua. Mere annual income 2.5 lakh se kam hai. Kya muje 2021-22 ke liye itr fill karna hoga kya?

@CARahulGuptaRVG Жыл бұрын

Not required

@reshiimran1991 11 ай бұрын

If transactions are above 50lac, do we need to charge tcs and tds on every following transaction and one time at the end of F Y.

@Anonymous-nd6gv 9 ай бұрын

Everytime or every transaction

@logeshganesan8697 Жыл бұрын

both sections Rs.50laks exemption limit one time or yearly?

@priyankavishwakarma9482 Жыл бұрын

One time.. if exceed 50 lakh invoice value then after that each transaction will liable for tds and tcs

@vv9730 6 ай бұрын

whether deduction of limit of 50 lacs per transaction is right..??? is this settled law..?? dont think so..else TCS of just Rs 100 on transaction of 51 lacs ( 51-50) *0.10% & similarly on 5 such transactions aggregating 2.50 crores ,TCS mere 500 ..!!! there is no point in imposing such TCS sections for such petty amounts of taxes... as per my opinion TCS is applicable on whole amount if it exceeds limit of 50 lacs,same is also supported by lower TCS rate of just 0.10% ,thus on 51 lacs ,TCS should be 51*0.10%=5,100. pl confirm,what is correct interpretation....

@sunitaprajapati6692 5 ай бұрын

Sir, suppose sale bill me 100000 + gst 18000 ho ta he to tcs 118000 pe hoga ya 100000 pe hoga

@CARahulGuptaRVG 5 ай бұрын

1,00,000 par

@myofficialvideo3110 5 ай бұрын

Sir mr A and Mr B both tournover 10 cr but trancation amount 45 lakhs plus Gst 18 810000 total value 531000 to kya TDS 45 lakh me katega

@RajInderKumar-kx3be 5 ай бұрын

😊😊

@Deepaksingh0410 Жыл бұрын

Sir mera turnover F.y 2019-20 mai turnover 10 cr se jyada tha bt f.y 20-21 and 21-22 mai less than 10 cr hai to kya mujhe bhi tds katna hoga agar purchase 50 Lac se jayada hai ???

@thensrider9146 Жыл бұрын

@priyankavishwakarma9482 Жыл бұрын

Last FY ka Turnover limit dekhenge.. uss se decide hoga iss current financial year me tds/tcs applicable hoga ya nhi.. PY me khade hoke last FY ka cheque kro Turnover limit

@sunitaprajapati6692 5 ай бұрын

Sir suppose purchase bill me 200000 + tcs 200=200200 is pe tds katna padega ya, 200000 pe katna padega

@CARahulGuptaRVG 5 ай бұрын

Tds will be on basic i.e 2 lakhs

@anujpatelunjha 3 ай бұрын

10crTurnover with gst /without gst

@sumit5901 Жыл бұрын

Sir tunover pichale saal ka lekin 50 lakhse jayada ki limt is saal ki hoti hai ??

@CARahulGuptaRVG Жыл бұрын

Yes...

@ramdasrawool9942 Жыл бұрын

Sir, 194Q TDS is applicable on Import Purchase or not, if applicable, how can we file TDS return without PAN number ?

@indsurajrajput Жыл бұрын

Import par applicable nahi hota

@indsurajrajput Жыл бұрын

Import duty lagta hei

@ganeshmane8953 Жыл бұрын

सर, मेरा turnover 22-23 में 10 cr क्रॉस हो गया हैं... मैं जिनको sale करता हूं वो पहले से tds on purchase काटते हैं... तो मुझे tcs collect करना होगा क्या?? या पार्टी tds कट कर रही हैं वही कट करने दे 🙏🏻🙏🏻🙏🏻 plz answer 🙏🏻🙏🏻🙏🏻

@CARahulGuptaRVG Жыл бұрын

Purchaser ki liability rahegi TDS 194Q prevails over 206

@sumitpassi2314 Жыл бұрын

If seller charge TCS on sales full year & purchaser don't but both are eligible to deduct so what should buyer do in this condition ?

@CARahulGuptaRVG Жыл бұрын

If purchaser is liable to deduct TDS, then Seller is not required to deduct TDS....

@patwalaxmikant 5 ай бұрын

SIR, BOTH SELLER AND BUYER HAD MORE THAN 10 CRORE SELLER IS COLLECTING TCS THE BUYER SHOULD DEDUCT TDS 94Q ON SAME TRANSACTION OR NOT.

@CARahulGuptaRVG 5 ай бұрын

Buyer should only deduct TDS, Seller should not deduct TCS

@ExpertTallyPrime Жыл бұрын

Seller will collect TCS not deduct TCS sir please clarify !!!

@CARahulGuptaRVG Жыл бұрын

Yes... Seller will collect TCS... Noted

@MOHITSHARMA-tt6go 2 ай бұрын

Sir ,jab tcs ki liability banti Hain aur saal end ho jata Hain toh next f.y main starting se tcs katega ya nahi

@CARahulGuptaRVG 2 ай бұрын

No.... First 50 lakhs is exempt every year

@MOHITSHARMA-tt6go 2 ай бұрын

Thanku sir for reply

@kawaljeetkaurmahal1746 2 ай бұрын

If I purchased software so already 194J is applicable right, also as it is goods which exceeding 50lacs again 194q is also applicable So in this case two tds deduction comes under picture right

@CARahulGuptaRVG 2 ай бұрын

194Q is tds on goods 194J is Professional Services So no Double taxation

@CARahulGuptaRVG 2 ай бұрын

Software customised comes under services Services sold normally same for all will come under goods

@kawaljeetkaurmahal1746 2 ай бұрын

I'm talking about software or license which needs to be capitalize means it's an asset for us In that case we sometimes get no tds declaration n sometimes not So two tax comes here 194j n 94q when limit exceed