<s>[INST] Who is required to deduct tax at source under section 194Q? [/INST] The buyer, who is responsible to make payment to a resident seller, is required to deduct tax at source under s​ection 194Q if the following conditions are satisfied:

  a)  He is carrying on a business;

  b)  He is paying any sum to a resident person for the purchase of any goods;

  c)  Total sales, gross receipts or turnover from the business exceeds Rs. 10 crores during the financial year immediately preceding the financial year in which such goods are purchased; and

  d)  Goods are purchased for a value or aggregate of value exceeding Rs. 50 lakhs in any previous year​ </s>