Question And Answer
Subject: Tds u/s 194Q
Querist: Venkat
Answered by:
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Date: February 15, 2024
Query asked by Venkat


Is tds under section 194q applicable in case of a buyer whose income is exempt u/s 11?

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There is no specific carve under section 194Q of the Income-tax Act, 1961 (Act) out for assessees registered under section 12A of the Act. Further, non-deduction of tax at source would trigger the explanation to section 13(10) of the Act.

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