TDS and TCS on Electricity Bill
This query is : Resolved
Quick Summary
20 October 2022
1. Whether TDS @ 0.1% u/s 194Q has to be deducted on payment of electricity bill above 50 lacs during a year ?
2. What, if electricity company is already deducting TCS @ 0.01% on sale of energy to customers ?
Please guide me in both cases.
2. What, if electricity company is already deducting TCS @ 0.01% on sale of energy to customers ?
Please guide me in both cases.
20 October 2022
1. No. As per Circular Number 13/2021, dated 30.06.2021, provisions of section 194Q is not applicable on Transaction in Electricity.
2. No TDS u/s. 194Q, when TCS is deducted by supplier.
2. No TDS u/s. 194Q, when TCS is deducted by supplier.
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
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Tax liability on income of freelancer
- Agriculture income or business income
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
