No TDS u/s 194Q on goods purchased from IFSC if seller opts for sec. 80LA relief: CBDT
The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided both buyers and sellers meet specific conditions.
