Tds question
This query is : Resolved
R.BHUVANESWARI.
(Querist)
07 February 2023
Dear Sir,
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 ?
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.
This section is applicable only if Electricity is purchased from private parties who generate power.
2. Correct, not applicable.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
