Wednesday 1 July 2015

Payment of electricity transmission charges doesn't attract TDS under sec. 194-I

IT : Where assessee, engaged in power distribution, entered into Bulk Power Transmission Agreement (BPTA) with MSETCL and Power Grid Corporation of India Ltd. (PGCIL) for transmission of electricity and for use of their transmission system from generation point to distribution point across different regions, since transmission charges were not amount paid under any arrangement for use of land, building, plant and machinery etc., said charges did not amount to rent requiring deduction of tax at

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