PXIL hails exemption to power trading from new TDS, TCS norms

New Delhi: Power Exchange of India Ltd (PXIL) on Thursday hailed the government decision to exempt power trading at bourses from new norms on Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) . "We welcome the guidelines from the CBDT for considering our appeal and exempting the transactions traded through power exchanges from the applicability of the new TDS and TCS provision," PXIL Managing Director and Chief Executive Officer Prabhajit Kumar Sarkar said in a statement.

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