New section 194Q

if a person having turnover 10 cr in last year and that person have a bill of electricity from electricity department more than 50 lac then that this expense also came in the ambit in 194Q
Replies (4)
Quick Summary
This discussion clarifies whether electricity bills are included under Section 194Q of the Income Tax Act, which pertains to the purchase of goods exceeding 50 lakhs. The consensus is that electricity bills do not fall within the ambit of Section 194Q. However, it's noted that Tax Collected at Source (TCS) might still be collected by the electricity department on such transactions.

194q is for the person who purchase goods >50lakhs
Electricity bill does not under the ambit of 194q
I agree with Sujitha.
Dont worry about electricity bill
But on same transaction tcs is collected by jvvnl department on assessee....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details