194Q -TDS -Not applicable

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Student CA final new
106 Points Posted on 01 July 2021
194Q not applicable for Transaction in Electricity, so in this regard it not for payment made for consumption of electricity?
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On 01 July 2021 at 10:35 Report
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This discussion clarifies that TDS under section 194Q is generally not applicable to electricity transactions. However, it notes that electricity boards may collect TCS under section 206(1H) for electricity sales if the buyer's turnover exceeds ₹10 crore. This distinction is important for understanding tax obligations related to electricity consumption and payments.

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CMA
13117 Points Posted on 01 July 2021
As per recent clarifications, I think 194Q is not applicable in respect of electricity transactions.
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On 01 July 2021 at 14:49
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Student CA final new
106 Points Posted on 01 July 2021
But Electricity board collect TCS under section 206(C)1H for sale of electricity. so if buyer turnover above 10 crore buyer is liable TDS u/s 194Q
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On 01 July 2021 at 15:04

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