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

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
[phone]

[@rushabhmurkute4404]

valuable excellent information, nice explanation, Thanks

[@vijaykumarsingh9461]

Thanks sir Aaj clear hua difference muje itne dino baad

[@sajalsarkar4769]

Sir, excellent information.
Thank you

[@Sandeep-si8ci]

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

[@vasimakram5877]

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

[@dattatraywaghmode1755]

Excellent information Sir Keep it up
Thank you

[@KuldeepYadav-gn6ql]

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

[@CARahulGuptaRVG]

Thanks so much Kuldeep Ji...

[@rumblingtwins6130]

Thanks Sir the Concept is Totally Clear Now

[@varshashah1048]

Thank u so much srr for simplified explanation

[@dheerajkhandal]

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

[@CARahulGuptaRVG]

Welcome Brother

[@darshanshinde4518]

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

[@vaibhavgupta8162]

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

[@mukeshsharma5697]

Thanks as i have cleared interview after seen this video

[@hiteshgandhi3450]

Sir very well explained.. Thanks a lot

[@warishgarg987]

Very well explained with example

[@nafeesapathan6756]

Thnak you sir Very useful Info shared by u .

[@maajalove]

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

[@abhijitpaul1009]

Sir ,valuable information ,thank you sir

[@gopavaramseshu]

excellent sir never seen before

[@sachinmahendrakar1003]

Very well explained sir

[@c.r.lokesh1102]

Very very nice guidance sir

[@Prem_Naam_hai_Prem_Chopda]

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

[@CARahulGuptaRVG]

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

[@himanshusharma-px9jw]

Very well explained

[@mdfaeemkhan9440]

Thank you 💖
Nice video 👍

[@rohitgusain8810]

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

[@sachinmahendrakar1003]

Very well explained all doibts cleared sir Thanks

[@CARahulGuptaRVG]

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

[@amansinha695]

Very nice sir ji

[@prashantagarwal355]

Best explanation

[@vikassrivastava3641]

Perfect Sir

[@Rsgamer0001]

Suprb rahul sir👍

[@nitughare]

Good explanation sir

[@dilipchavan8547]

Sir great information on 194q and 206c

[@yogahealthcare007]

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...?

[@TheAaaaaaaabhi]

Fantastic video

[@pratyaksha7309]

Thank you Sir ❤❤

[@yourchannel7768]

Thank you sir 😘

[@issrajpoot]

Thanks sir 👍🏻

[@tallywithabhikaushik]

Thanks sir

[@sugandhraghav2549]

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 ?

[@iramayub1857]

Thanks alott sir

[@surendeakumar5559]

Thank sir

[@rjmotovlogs1699]

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

[@SKGupta-wj8hp]

Very nice Sir

[@Gkj57]

Tq sir 🙏

[@nilesh3442]

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

[@janvithakur6479]

Nice sir great

[@JitendraKumar-qo3fx]

Sir 50L se jada ki service lene par ya phir Dene par TCS applicable hai ya nahi

[@maajalove]

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 ?

[@yahoo7642]

Sir mera turnover 2 cr hai or mere ek buyer jisne 1 cr tak ka payment kiya hai or tds cut kiya hai jabki hamara tds kabhi kisi ne nahi kaata hai , abhi iska kya kare entry kaise hoga

[@galaxygroup7366]

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 ?

[@pradipdutta9040]

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

[@MohitKumar-ve8wx]

Nice video❤

[@Nandankumar-ck1ny]

Sir Agar seller pahle hi TCS deducte kr Chuka h on bill to kya buyer TDC deducte krega ?????

[@devashishkumar7908]

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 .

[@madhum1248]

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

[@deepakjha6701]

Nice

[@albertduron1659]

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

[@keshavaggarwal2801]

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

[@rajnisujanani752]

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

[@jyotibansal4925]

👍

[@mominsahiil]

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

[@rangakare]

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

[@PrinceTibrewal]

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

[@jiteshgupta7722]

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]

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

[@kalpeshchaudhari9836]

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

[@priyankavishwakarma9482]

Yes

[@himanshusharma-px9jw]

Sir
Kindly explain the point in writing form
TDS n TCS 5000000
Limit excluding or including didn't get
Explain with example

[@subhaskundu7966]

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...

[@gauravsethi1226]

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]

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

[@vasimakram5877]

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]

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

[@reshiimran1991]

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]

Tds overruled tcs

[@patwalaxmikant]

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]

Buyer should only deduct TDS, Seller should not deduct TCS

[@miteshpatel-fi9qb]

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

[@priyankavishwakarma9482]

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]

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]

😂

[@reshiimran1991]

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]

Everytime or every transaction

[@anuragchetri7]

Debit note pe katega?

[@sunitaprajapati6692]

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

[@CARahulGuptaRVG]

1,00,000 par

[@logeshganesan8697]

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

[@priyankavishwakarma9482]

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

[@sunitaprajapati6692]

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

[@CARahulGuptaRVG]

Tds will be on basic i.e 2 lakhs

[@myofficialvideo3110]

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]

😊😊

[@dineshbhat9194]

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]

Not required

[@RajuYadav-rt7xt]

Tata power par Tds katega

[@sumitpassi2314]

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]

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

[@surenderyadav1991]

50 lakh mujhe recipet payment dekhni h ya sale purchase value

[@cashahnawazshaikh]

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]

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

[@ExpertTallyPrime]

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

[@CARahulGuptaRVG]

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

[@sumit5901]

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

[@CARahulGuptaRVG]

Yes...

[@ganeshmane8953]

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]

Purchaser ki liability rahegi TDS 194Q prevails over 206

[@kawaljeetkaurmahal1746]

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]

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

[@CARahulGuptaRVG]

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

[@kawaljeetkaurmahal1746]

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

[@ramdasrawool9942]

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

[@indsurajrajput]

Import par applicable nahi hota

[@indsurajrajput]

Import duty lagta hei

[@Deepaksingh0410]

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]

Ni

[@priyankavishwakarma9482]

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

[@MOHITSHARMA-tt6go]

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]

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

[@MOHITSHARMA-tt6go]

Thanku sir for reply

[@jaredjonas1353]

9:36 TDS Vs TCS

[@souravjoshifanclub5216]

Sir

[@vv9730]

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....

[@entertainmentdifferentmusi9769]

Gst include purchase and sales value clear krdo with example

[@lalitjain2081]

Computation without GST components sirji!

[@anujpatelunjha]

10crTurnover with gst /without gst

[@entertainmentdifferentmusi9769]

Tcs tds

[@RehanKhan-xe8xf]

Sir pls or section upload krdo tcs ke pls pls pls

[@CARahulGuptaRVG]

Surely.... We will upload very shortly

[@rajivarora9973]

Very fast in explaining..