LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Tds/ service tax

Deepak Bhagtani (Learner) (462 Points)

31 July 2015

My Client is in a service of Providing Website Designing Services. He is new in the Business and He has Provided the service worth Rs. 75,000 to his client. Now the Client is demanding Bill. He does not have Service Tax No. Nor does he file any Income Tax Return.... what should he do..??? what if client deducts TDS on Service Provided by him.

Reply
Follow
Share

5 Replies

CMA Poornima Madhava (CMA) (13097 Points)
Replied 31 July 2015

Client will be deducting TDS @ 10% u/s 194j. U need to file income tax return next year n claim refund of tax in case annual income does not exceed the exemption limit

1 Like

Deepak Bhagtani (Learner) (462 Points)
Replied 01 August 2015

In case I dont want to File a Return...Can a Client adjust in its Books by taking 75,000 as 90 % i.e. 83,333 in case he wants to deduct TDS.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 01 August 2015

Yeah...it can be done...but he would loose 10%..

1 Like

Deepak Bhagtani (Learner) (462 Points)
Replied 04 August 2015

Just Want to Confirm If my Client issues two different Bills in the name of different Enterprises of of 30K(within the limits of 194J) and Providing different bank account details will he escape from deduction of TDS.