Sir/Madam,
I am working with company who have wind mill project in Rajasthan and have PPA agreement with RUVNL, company raise bill of power generated and delivered to Rajasthan Urja Vikas Nigam Limited.
However When RUVNL pay the Payment they Deduct 0.1% from the bill Amount, which deduction it is? is it TDS or TCS? if Yes it is under which section of income tax?
TDS u/s194Q IT act is applicable in case of electricity purchase. It is considered as goods..
Gowra Ventures Pvt Ltd
Hyderabad
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