Section 194Q under the
Income-tax Act, 2025
TDS by buyer on purchase of goods above Rs 50 lakh
Topic
TDS by buyer on purchase of goods above Rs 50 lakh — TDS provisions under the Income-tax Act, 2025 (Act 30 of 2025).
What carried over
The substance of this provision was not changed by the re-write. What moved is the citation.
0.1% on the sum exceeding Rs 50 lakh — unchanged. Note 1(a) preserves the carve-out where tax is deductible or collectible under any other provision. Under s.397(2)(b)(i)(C), the no-PAN penal rate for this entry is 5% (not 20%), matching old 206AA(6).
Source
Verified against bare text of s.393(1) Table Sl. No. 8(ii) and Note 1 in ICAI publication; corroborated by toolisky.com ('194Q -> 393(1) Sl. 8(ii)').
CBDT publishes its own correspondence utility on incometaxindia.gov.in and that is the authority. Spot-check anything high-stakes there before you rely on it.
This is a navigational aid for the 1961 → 2025 transition, not tax advice. It helps you find the right place in the new Act when you already know the old section. Confirm every citation against the bare Act and against CBDT's own correspondence utility before relying on it in a return, certificate, notice reply or opinion. The source text used here is the Act as passed, so any rate or threshold amended by the Finance Act, 2026 is not reflected; section numbers are unaffected.