TDS and TCS on Electricity Bill
This query is : Resolved
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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.
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