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Key Provisions of Section 194Q for Buyers

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Under Section 194Q, buyers must deduct 0.1% TDS on purchases above ₹50 lakh if their turnover exceeds ₹10 crore. This provision helps in tax regulation and enhances compliance. Providing the seller’s PAN is crucial; otherwise, a higher TDS rate applies. Proper adherence ensures smooth financial operations. https://thefinwin.com/

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