I had paid an issuance fees of Renewable Energy Certificates(REC) to the concerned authorities.Whether it is liable to TDS or not???
TDS on REC Issuance Fees
Rachit Nagpal
TDS on REC issuance fees remains unsettled-forum query whether issuance fees attract withholding tax but no conclusive guidance. Whether fees paid for issuance of Renewable Energy Certificates (REC) are subject to TDS is queried; the forum discussion records exchanges but provides no conclusive position on whether REC issuance fees constitute taxable payments attracting a withholding obligation. (AI Summary)
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI