Question ID :
40852
TCS U/S 206 C(1H) ON WIND ELECTRICITY SALE
Pl. let me know that whether TCS u/s 206 (1H) will be levied on wind electricity sale receipt
Posted by
TARUN JAIN
on
Oct 02, 2020
Filed Under
TDS/TCS
Answer ID :
81259
From 1st July 2021 section 194Q, will be applicable any person being a buyer if he pays to any seller for purchase of any good more than Rs. 50 lakhs in any previous year should deduct TDS 0.10% if PAN is not furnished 5% of the purchase value exceeding 50 lacs, before 1st July 2021 seller has to collect TCS 0.01% provided his sales exceeds Rd. 10 crores immediately preceding Financial Year if seller receives exceeding Rs.50 lakhs on that amount TCS applicable
Posted by
Hari Beldona on
Aug 28, 2021