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- What is Section 194Q of the Income-tax Act? What is Section 194Q of the Income-tax Act?, (2 of 2)
What is Section 194Q of the Income-tax Act?
Subject
FAQs on TDS or TCS on sale or purchase of goods
etds-answer
Section 194Q of the Income-tax Act deals with the deduction of tax at source (TDS) on the payment of any sum to a resident for the purchase of any goods. The tax shall be deducted at the time of credit or payment, whichever is earlier.
