TDS deduction on purchase of goods. Compliance support for Section 194Q - TDS on purchase of goods from resident sellers.
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Key provisions and compliance requirements
TDS is deducted at 0.1% on purchase of goods exceeding ₹50 lakh in a financial year from a resident seller.
TDS applies when total purchase value from a single seller exceeds ₹50 lakh in a financial year.
Applicable from July 1, 2021. Applies to buyers whose turnover exceeds ₹10 crore in previous financial year.
Conditions for TDS deduction under Section 194Q
Complete compliance support for Section 194Q
Accurate TDS computation
Timely TDS payment
Quarterly return filing
Form 16D issuance
Get expert assistance for Section 194Q TDS compliance