194Q -TDS -Not applicable

Mariappan (Student CA final new) (106 Points)

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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CMA Poornima Madhava (CMA) (13112 Points)
Replied 01 July 2021

As per recent clarifications, I think 194Q is not applicable in respect of electricity transactions.

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Mariappan (Student CA final new) (106 Points)
Replied 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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