Company is in trading of Renewable Energy Certificate (REC) on the Energy Stock Exchange (IEX). When they sell the REC's to other party. They charge let say Rs. 100 on the sales value of Rs. 10,000 REC's. Now the matter is they pay us Rs. 9,900 and deduct their service charges from the sale value. I want to know about TDS implication on the same.
11 February 2015
This is a unique case. No section attracted for deducted on TDS. You can not apply 194J as this neither technical of professional fee. No other section seems to be applicable.
CAclubindia
