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Applicability of Section 194Q on Large Purchases

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Section 194Q applies to buyers with turnover above ₹10 crore, requiring TDS deduction at 0.1% on purchases exceeding ₹50 lakh. This rule ensures tax compliance and prevents evasion. Non-compliance may lead to higher tax rates and penalties, making it essential for businesses to adhere to the provisions. https://thefinwin.com/
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