Tax deducted at source
This query is : Resolved
26 January 2017
A XYZ Pvt Ltd company deducting TDS u/s 194j for receiving electricity from ABCPower Ltd company.
XYZ company deducting TDS u/s194j by considering technical fees for every month.
Apart from above ABC company Ltd charging yearly as Annual Subscription Charges to XYZ Pvt Ltd.
Now my question is that the Annual Subscription Charges comes under which section
1) 194C
2) 194J
3) 194I
( but on invoice there is no word indicated " Works" )
or can we deduct TDS 194I considering as rent of Plant & Machinery
Thanks
XYZ company deducting TDS u/s194j by considering technical fees for every month.
Apart from above ABC company Ltd charging yearly as Annual Subscription Charges to XYZ Pvt Ltd.
Now my question is that the Annual Subscription Charges comes under which section
1) 194C
2) 194J
3) 194I
( but on invoice there is no word indicated " Works" )
or can we deduct TDS 194I considering as rent of Plant & Machinery
Thanks
26 January 2017
No TDS applicable on supply of power. Either on energy charges or on fixed charges.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Subscription paid to foreign customer
- ECO SUPPLY REPORTIONG IN GSTR-1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
