TDS on purchase of goods
Tax a buyer deducts when paying a seller for goods beyond ₹50 lakh in a year, where the buyer's turnover exceeded ₹10 crore in the preceding year.
Under the Income-tax Act, 2025 it is row 8(ii) of the table in section 393(1), formerly section 194Q of the 1961 Act. An ERP has to track each seller's running total to deduct from the right bill. See the TDS requirement; confirm your position with a CA.
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