TDS ON ELECTRICITY BY DG SET

JK (Querist) 20 May 2011 This query is : Resolved
Actually, we are facing an issue 'whether to deduct TDS or not on Eletricity cum DG set bills'.

The Fact is the lessor of the building is paying the electricity bills himself and then raising a debit note to us along with DG set charges in a composite bill.Should we deduct TDS on DG set charges?????

Kindly give ur opinion along with any Case Law supporting it or any reference along with it.

Waiting for ur kind response....

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A V Vishal (Expert) 20 May 2011
If the composite arrangement is in essence the agreement for taking premises/machinery on rent, the tax will be deducted under section 194-I from payments thereof.

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