Section 194Q in Telugu | TDS on purchase of goods Telugu | Applicability of Sec 194Q Telugu

In this video let's understand about section 194Q of Income Tax Act (with an example) in Telugu, which was one of the newly inserted section by budget 2021. It is a new tax for purchaser of goods which is effective from 1st July 2021 (194Q section Telugu). Section 194Q of Income Tax Act deals with TDS on purchase of goods. When buyer procures goods worth more than Rs. 50 lakhs from any resident seller in any financial year, then sec 194Q will come into picture. Though the applicability of section 194Q is from 1st July 2021, for calculation of the threshold limit of Rs. 50 lakh entire year has to be considered. This is one of the crucial income tax update in 2021 which will enhance the tax gamut of the income tax department. 📋 Topics Covered: 1. Applicability of Sec 194Q 2. Non-Applicability of Sec 194Q 3. Understanding sec 194Q with the help of flow chart 4. Practical understanding with an example ★★ Recommended Motivation books - https://kit.co/RaviRobbi/best-motivat... ✔️ Our recommended video (To gain Complete knowledge): Old Tax Vs New Tax Scheme Comparison:    • Old Tax Slabs vs New Tax Slabs Telugu | ఏద...   💡 Most Watched on our channel: New Income Tax Portal Pre-login Features:    • New Income Tax Portal Features in Telugu (...   📢 Our Other videos: 1. New Income Tax Portal Dashboard Features (Part-1):    • New Income Tax Portal Dashboard Features i...   2. Income Tax Rebate అందరూ claim చేసుకోవచ్చా?    • Tax Rebate under section 87A in Telugu (20...   3. Old Tax Scheme vs New Tax Scheme - Tax saving కి ఏది best?    • Old Tax Slabs vs New Tax Slabs Telugu | ఏద...   4. మీ Taxable Income calculate చేసుకోవటం ఎలా?    • Taxable Income Calculation in Telugu (2021...   🔌 Join our Telegram: https://t.me/rapicstelugu ⌚Timestamps: 00:00 Introduction 00:39 Applicability of Sec 194Q 04:04 Non-applicability of Sec 194Q 04:54 Infographic for easy understanding 06:50 Practical Understanding with example 💖Learned from the content: Like -- Share -- Subscribe #section194Q #section194qtelugu #tdsonpurchaseofgoodstelugu Disclaimer: Content shared on this channel is only for educational purpose and should not be construed as legal opinion. Affiliate disclosure: Some of the above links are affiliate links through which we may earn some commission, but the product cost remains the same for the consumer. Slides credit: From https://www.slidescarnival.com/