TDS and TCS on Energy Bill
This query is : Resolved
Quick Summary
13 October 2022
1. Whether TDS u/s 194Q is applicable on payment of Electricity Bill over 50 lacs in a year ?
2. What if, Electricity Company deduct TCS on Sale of Energy above 50 Lacs in a year to an Audit Firm. ?
2. What if, Electricity Company deduct TCS on Sale of Energy above 50 Lacs in a year to an Audit Firm. ?
13 October 2022
As electricity is goods and purchases during FY is more than Rs. 50 Lacs, TDS will be deducted u/s 194Q @ 0.10%
13 October 2022
As electricity is goods and purchases during FY is more than Rs. 50 Lacs, TDS will be deducted u/s 194Q @ 0.10%
13 October 2022
Thanks,
So we need to take Electricity Compnay's PAN for the same.
And , what if electricity company is deducting TCS on electricity bill. ?
So we need to take Electricity Compnay's PAN for the same.
And , what if electricity company is deducting TCS on electricity bill. ?
04 November 2022
No need to deduct TDS u/s. 194Q, if electricity company is charging TCS....
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
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST not cancelled by tenant
- Filling ITR - U
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Form 140 tds
- Bank details not Visible on Traces Portal
- TDS ON EMAIL DOMAIN SERVICE BILL
- Capital gain on sale and purchase of plot
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
