TDS Section 194Q

TDS deduction on purchase of goods. Compliance support for Section 194Q - TDS on purchase of goods from resident sellers.

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  • TDS Rate Determination
  • Threshold Calculation
  • TDS Deposit Filing
  • TDS Return Filing
  • TDS Certificate Issuance
  • Compliance Advisory
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Understanding Section 194Q

Key provisions and compliance requirements

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TDS Rate

TDS is deducted at 0.1% on purchase of goods exceeding ₹50 lakh in a financial year from a resident seller.

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Threshold Limit

TDS applies when total purchase value from a single seller exceeds ₹50 lakh in a financial year.

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Applicability

Applicable from July 1, 2021. Applies to buyers whose turnover exceeds ₹10 crore in previous financial year.

When is TDS 194Q Applicable?

Conditions for TDS deduction under Section 194Q

✅ Applicable When
  • ✅ Purchase from resident seller
  • ✅ Purchase of goods (not services)
  • ✅ Total purchase from single seller > ₹50L
  • ✅ Buyer turnover > ₹10 crore (previous FY)
  • ✅ For business or professional use
  • ✅ Payment to any person (not individual/HUF)
❌ Not Applicable When
  • ❌ Purchase from non-resident
  • ❌ Purchase of services
  • ❌ Total purchase ≤ ₹50 lakh
  • ❌ Buyer turnover ≤ ₹10 crore
  • ❌ For personal use
  • ❌ Payment to individual/HUF

TDS 194Q Compliance Services

Complete compliance support for Section 194Q

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TDS Calculation

Accurate TDS computation

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TDS Deposit

Timely TDS payment

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TDS Return Filing

Quarterly return filing

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TDS Certificate

Form 16D issuance

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Get expert assistance for Section 194Q TDS compliance