11 December 2014
One more Question, Our charted accountant send us Bill of Rs. 31460 (28000 Ass.Value + 3460 S.Tax) as a Professional Service Bill. Now As per Under Sec 194 J, I crossed the limit of Rs. 30000 but including Service Tax. Now, please tell me here I am liable to deduct TDS or Not bcoz excluding S.tax amount is only Rs. 28000? Thank U
11 December 2014
since as per circular no 1/2014 no tds is deductible on service tax portion so for counting the threshold limit of rs 30,000 service tax needs to be excluded hence no need to deduct tds as its not applicable in this case.