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194Q -TDS -Not applicable
194Q not applicable for Transaction in Electricity, so in this regard it not for payment made for consumption of electricity?
Replies (2)
Quick Summary
As per recent clarifications, I think 194Q is not applicable in respect of electricity transactions.
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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