Tds on electricty
Deepender Sharma (5 Points)
06 September 2016
Whether Tds should be deducted from electricity bill?
19 Replies
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 06 September 2016
No need to deduct.
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 06 September 2016
You are paying directly to Discom or to landlord?
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 06 September 2016
Whether a composite bill is raised or a separate bill raised for electricity charges?
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 06 September 2016
if electricity bill charge separately then no need to deduct, otherwise deduct on whole amount i.e. rent+electricity
CA.Vinita Gupta
(Deputy Manager- Finance)
(2923 Points)
Replied 06 September 2016
If you are paying to CESC, WBSEB etc no need to deduct , if u are paying composite. then deduct u/s 194I
Santosh Pandey
(Deputy Manager-Accounts & Finance)
(87 Points)
Replied 07 September 2016
I also think, no need to deduct tax at source if separate bill raised for electricity charges.
MONIKA BHARTI
(ACCOUNTANT)
(21 Points)
Replied 07 September 2016
No TDS will be deducted on eletricity bill as this charges are paid to the government.
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 07 September 2016
Tds on electricity charges concluded as follows:
1) Paid directly to DISCOM- no need to deduct tds
2) Paid to landlord- tds to be deducted u/s 194I @ 10% if no separate bill is raised for such charges.
1) Paid directly to DISCOM- no need to deduct tds
2) Paid to landlord- tds to be deducted u/s 194I @ 10% if no separate bill is raised for such charges.
Santosh Pandey
(Deputy Manager-Accounts & Finance)
(87 Points)
Replied 07 September 2016
Though I think if there is combined bill for rent and electricity by landlord and electricity charges are shown separately, tax to be deducted only on rent part, because electricity charges we are paying to landlord as a reimbursement and there is no mark in that by landlord, but on the safer side if we will deduct on total value it is ok if landlord have no problem
Prudhvi Raj
(Chartered Accountant Company secretary)
(100 Points)
Replied 07 September 2016
hi
TDS to be deducted If landlord adds any markup over and above the actual cost of electricity.otherwise TDS no need to be deduct.
Recent Topics
- While making correction in form-26QB getting "
- Https://github.com/nourix-aftonbladet-danmark-apot
- Late interest penalty of missed invoice forgot to
- LONG TERM CAPITAL GAIN ON HOUSE
- WOS in Mauritius, LRS,Accounting
- AP of Business under gst
- PAYING RCM AND AVAILING INPUT ON TRANSPORT CHARGES
- SELF INVOICE FIRMAT OF RENT
- Retrospective effect of Section 12A.
- TDS on rent above Rs.5000 pm
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
