CA Inter doubt
XYZ Ltd. Sells coal of 2 crore to a PSU in the course of business. Turnover of XYZ limited in previous year is 5.5 crore and for PSU it is 11 crore. In this case, what is applicable, TDS (194 Q) or TC
Asked by Nehs5 Aug 2026795 views
2 answers
Nehs · 5 Aug 2026
Can we generalize, that TDS overrides TCS?
SAM · 5 Aug 2026
:-194Q 1,50,00,00*0.1% = 15,000 Because of provision says that PSU not coverd under definition of buyer so TCS not applicable
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