We are working in a IT concern as finance manager. 1.we have to paid huge amt for eb bill ( per month above 100000 to 150000). we need not to deduct any tds to government right sir ?
2.and we have to paid very small amt for diesel exp for generator yearly 60000 only . for this no need to deduct tds . tds avail only after 5000000 . is it right sir ?
07 February 2023
1. Though electricity is GOODS, CBDT in its circular exempted this for Section 194 Q. This section is applicable only if Electricity is purchased from private parties who generate power. 2. Correct, not applicable.
CAclubindia
