Menu
194Q -TDS -Not applicable
194Q not applicable for Transaction in Electricity, so in this regard it not for payment made for consumption of electricity?
Replies (2)
As per recent clarifications, I think 194Q is not applicable in respect of electricity transactions.
But Electricity board collect TCS under section 206(C)1H for sale of electricity. so if buyer turnover above 10 crore buyer is liable TDS u/s 194Q
Recent Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
CAclubindia
