Easy Office
LCI Learning

TDS and TCS on Electricity Bill

This query is : Resolved 

20 October 2022 1. Whether TDS @ 0.1% u/s 194Q has to be deducted on payment of electricity bill above 50 lacs during a year ?

2. What, if electricity company is already deducting TCS @ 0.01% on sale of energy to customers ?

Please guide me in both cases.

20 October 2022 1. No. As per Circular Number 13/2021, dated 30.06.2021, provisions of section 194Q is not applicable on Transaction in Electricity.
2. No TDS u/s. 194Q, when TCS is deducted by supplier.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query