Section 194Q: TDS on Purchase of Goods in Coimbatore

Section 194Q applies to buyers whose turnover exceeds the threshold — tax is deducted on purchases of goods from resident suppliers when conditions are met.

Practical compliance

• Check buyer turnover and seller status each year
• Deduct TDS on applicable invoices before payment
• Deposit challan and file quarterly Form 26Q
• Coordinate with GST ITC and vendor reconciliation

We support deductors through TDS return filing and our small business TDS guide.

Need professional help in Coimbatore? Future Tax offers GST, income tax, audit, and company registration. Call +91 94454 38387.