DEAR SIR/MADAM,
WE RECEIVED POWER ENERGY FROM TATA POWER TRADING COMPANY LIMITED, THEY SEND INVOICE IN THE NAME (BILL FOR SUPPLY THROUGH IEX) THIS CASE TDS IS APPLICABLE OR NOT ? BILL VALUE RS-2,56,783 / APPROX PER MONTH .
THANKS & REGARDS
MOORTHY RAJU
Since your power is being supplied through the IEX (as indicated by your invoice "Bill for Supply through IEX"), you are not required to deduct TDS under Section 194Q for these specific payments. Always ensure you maintain documentation (such as your IEX trade settlement statements) to support this position during any future tax audit.
Malhotra Rajesh & Associates
New Delhi
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S.B.G. & CO. CHARTERED ACCOUNTANTS
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