TDS on Purchase of Goods under Income Tax | Section 194-Q | New TDS Section in Budget 2021

[@acakash867]

bahut bahut dhanyawad sir as a accountant yein section mejhey kabhi clear hi nahi huaa but ap ka video dekhney key bad all clear sir

[@caayushoffice]

bhout aachi gurpreet singh ji , gud👍👍👌

[@GauravSharma-py8if]

Good method of precise teaching

[@ShalabhGargAdvocate]

Table presentation is superb Nice presentation All doubts are clear Thank you sir

[@Laugh_with_Ramiz]

Practical case study jo aapne samjhya amazing, very simple and justify . Thank you so much

[@satyachd2006]

I am very thankful to ur video & request to more video for gst Input claimed under section section

[@factsharing]

Sir your videos are awesome but aapke videos mein start hote waqt jab bhi aapka naam "consult gurpreet" highlight hota hai tab dj jaisa sound bajta hai use off kijiye pls... Sounds very uneasy.

[@bhaveshpatel9279]

Thank u sir for this good explanation

[@ConsultGurpreet]

Most welcome

[@ravipun2389]

Table Explaining is very interesting 👍

[@bhojrajarora8982]

Very nice and clear

[@ConsultGurpreet]

Thanks for liking

[@rahul57699]

Good way to explain.....keep it up

[@ConsultGurpreet]

thanks

[@rishabhjain9160]

Sir aise tabular sare tds section ke example wala video banao na sir🙏

[@chandrakantgudalkar7322]

Very Nice analysis and explained in details.......make more videos on DT and IDT updates..

[@ConsultGurpreet]

Will surely do that. Keep Watching.

[@cayogeshagarwal7449]

sir you said that if tds not deducted u/s 194q than whole amount will be disallowed but as oer section 40A (ia) only 30% of amount on which tax liable to be deducted will be disallowed

[@rohit1108]

Thanks a lot for such easy explaining...

[@ConsultGurpreet]

Welcome

[@RamKumar-nm6fz]

Mera purchase 53 lakh ka hai including gst and taxable value 44 lakh ki hai kya es pe tds kata jayega

[@PAWANKUMARYADAV-lf8nu]

Very nice video

[@swarupkumaradhikari4687]

Sir, thanks a lot to clarify section 194Q. Sir, requested to describe in detail about it's return system

[@ConsultGurpreet]

As soon as possible

[@ravipun2389]

Hello Sir, Agar buyer ka turnover 10 cr se jyada hai, but Dono ka transaction 50 Lakhs se kam hai to us time kya lagega. Plz clearify.

[@ConsultGurpreet]

Kuch nahi lagega 50 lakhs tak

[@RahulKumar-ly6ly]

Thanks sir very helpful video

[@ConsultGurpreet]

Welcome

[@govindgupta9544]

Threshold limit of 50L is on basic or total value

[@MANPREETSINGH-wp3cz]

Very nice bhaji

[@GauravSharma-py8if]

You have very good teaching methodology

[@arpandoshi9878]

50 lakhs is aggregate or in totality or part purchases to be clubbed? Thank you 🙏

[@ca.adityakothari9913]

आपकी आवाज बुलंद है | सुनने में आनंद आ गया |

[@WATTOLEARN]

Thank sir well explained with example

[@ConsultGurpreet]

You are welcome

[@naveenkumark8354]

Information provided is up to date update. Thanks for sharing knowledge with examples.....

[@mayurjaju2123]

What if we made sale and purchase to/from same party both are greater than 50lakh.. Then.?

[@ConsultGurpreet]

Then only tds will apply.

[@anitasingh2432]

Sir we are not crossing the 10cr turnover in the previous year but in case of purchase of sales or goods we get each invoice more than 1L. SO in this case can we liable to deduct tds.

[@sriramramanan8485]

Sir Thanks a lot for your presentation. is it applicable for trust. Please clarify

[@tauqeeralam5730]

Transaction monthly ho ka sir

[@kanishsahu7911]

Thank you so much sir

[@VikasKumar-lh8kt]

सर मैने तो 01-04-21 to 30-09-21 अपने एक पार्टी का TDS 194Q में कटा । 01-04-21 to 30-09-21 की taxable value 9900000 की थी । पर 9900000 में 5000000 नही घटाया । पूरा 9900000 पर 0.1% tds deducted कर के जमा कर वा दिया । और tds Return भी फाइल कर दी है ।

[@vishnumehra2540]

mere fy 2020-21 me cash wdl par tds kata h 50000 se upar ka to ye 20-21 ka itr jb file karege tab us tax me adjust ho jayega or mere tax 3 lakh se jyada hi banta hai ... TDS amount se jyada .....to kya ye tds, tax amount me adjust ho jayega kya

[@sujoyguharoy2149]

Is 194Q applicable on Diesel reimbursement claim (through Debit note)

[@devindermahendroo3384]

Very useful 👍 Thanks 🙏

[@parveenkumarjain1058]

Sale or Purchase above 50L from April 21or 1st July.Pl clarity

[@ConsultGurpreet]

For applicability - Purchase to be calculated from April 21

[@ramakantamishraofficial1470]

Thanks sir

[@sujitrana444]

Sirji, 50L aggregate is it TAN wise or PAN wise. I mean if vendor sells goods to many branches of a company then whether 50 aggregate for each Branch which have separate TAN no or the company as a whole.

[@ConsultGurpreet]

PAN wise

[@sujitrana444]

@@ConsultGurpreet sir please provide reference of ur answer documentation k liye.

[@ConsultGurpreet]

Plz get in touch with us at 9140972712 for consultation

[@sujitrana444]

@@ConsultGurpreet sir please provide reference of ur answer documentation k liye.

[@ConsultGurpreet]

We can provide you with proper references and documentation. Plz contact on 9140972712

[@sureshvadala7875]

Thank you sir good explanation

[@sanjeevsingh5870]

Sir mene 1.4.2021 se ek party ko 70 lakh Ki sale ki he ( including tcs) aur ham dono 10 cr se uper he mene in se 20lakh received kr liya ab unke pas 50lakh bacha he to 1.7.2021 se us bache huye amount pr vo mujhe tds deducted kr ke denge 70-50= 20 lakh pr kyoki isme hamne buyer se tcs calect kiya he please help me

[@sanjeevsingh5870]

30.6.2021 tak total sales 70 lakh

[@sabarnokundu2794]

Sir agar buyer or seller dono ka 10 cr ka upar transaction hai aur dono ke bich mein 50 lakh ki upar transaction hua hai to agar seller ne tcs apply kar diya hai to buyer kaya us bill ko deny kar dega?

[@ConsultGurpreet]

Yes, in that case TDS is primary.

[@AmitSharma-fd3dl]

Sir my view ye litigation ka issue hai according to you please suggest Annual return wale part per fight Krna thik rhega ya 16(4) per

[@dmathur2622]

What if Both seller and buyer have Less than 10 cr Turnover

[@ConsultGurpreet]

Then nothing applicable

[@kapilsingh3282]

Sir i have a question I am purchasing some product from mill whose value is less than 50 lakh Then also they are asking me for 5% tds, i do have pan card Please suggest

[@hearts20in]

I am a purchaser and my turnover is more than 10 crore , my seller has also turnover more than 10 crore now what should I do. I deducted TDS on purchase.?

[@ConsultGurpreet]

Yes. You deduct tds

[@ca.adityakothari9913]

This section is becoming effective from July 2021. It means that for the first quarter of FY 2021-22, section 206(1H) shall prevail !!

[@ca.adityakothari9913]

At 9.27, you say that TDS will be on amount excluding GST. I, personally feel, it to be right but I differ with your statement that it is provided in the section by using the word "NET". Pl. clarify !!

[@devaraj4078]

Sir,will deduct the tds 194q at the same time tcs will be applicable or not

[@ConsultGurpreet]

If both are applicable. . Only tds will apply

[@nikhilbabu1740]

Sir may I deduct tds u/s 194q on the full taxable value of the bill which is crossed the threshold of 50 lakh or after less Rs. 50 lakh ?

[@ConsultGurpreet]

Above 50 lakhs

[@dharmenderkumarkashyap3519]

Sir agr seller or buyer dono ka hi turnover 10 crore se jada hai, to seller ko kese pta hoga ki buyer ka turnover 10 crore se jada hai or ispr tcs ni lagana h Agar trade me dekhe to seller pehle bill kat ta h buyers ko bad me receive hota h to ese me kya ek or confusion paida ni hota?

[@ravipun2389]

They will request for Decleration letter.

[@pranabhalder9709]

thank u . very helpful..

[@jithendrachary1923]

Sir My Company Name is XYZ Ltd and I am Doing Business With ABC Ltd. Both or Exceeding 10 Cr Turnover and XYZ Ltd Purchased Goods Worth Rs 60 Laksh from ABC Ltd, Whether in This Transaction only TDS Applicable or Both TDS & TCS Applicable. Pls Clarify.

[@suryanarayanpanda708]

Thank u sir

[@inayathussain9914]

TCS On Purchase

[@mammuslittleworld4942]

Is that 0.1% or 0.10% bcoz in the difference between TDS nd TCS u told it's 0.1% but here u are telling 0.10% Please clarify that what is the actual tax rate.

[@ConsultGurpreet]

0.10 and 0.1 is one and same thing. It's just a 0 added after 1

[@mahendrarao6287]

Very good video sir

[@ConsultGurpreet]

Thanks and welcome

[@shrikantpise8436]

Thanks sir ji

[@tusharjena4032]

Thank you so much sir

[@AaiRasoiChannel]

Thank you sir