Note that PhonePe would apply TDS under section 194Q of the Income-tax Act, 1961 on any purchase of goods from vendors. Accordingly, the vendor must not apply TCS [under section 206C(1H)] on their invoices. Please ensure that the vendor does not apply TCS.
TDS under section 194Q of the Income-tax Act, 1961 on any purchase of goods from vendors Print
Created by: Andrew Bora
Modified on: Fri, 23 Jul, 2021 at 3:06 PM
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