TDS / TCS 194 Q / 206 C APPLICABLE ON PETROLEUM BUNK DEALERS

[RV PERUMAL]

SIR,

WHETHER TDS / TCS UNDER SECTIONS 194 Q / 206 C APPLICABLE ON PETROLEUM BUNK AGENCY DEALERS. OR THEY ARE EXEMPTED. PLEASE CLARIFY

AI Summary

Clarification Sought on TDS Applicability Under Section 194Q and TCS Under Section 206C for Petroleum Bunk Agency Dealers A query was raised regarding the applicability of TDS (Tax Deducted at Source) under Section 194Q and TCS (Tax Collected at Source) under Section 206C on petroleum bunk agency dealers. The individual sought clarification on whether these dealers are subject to these tax provisions or if they are exempt.