Professional income tds are deducated on service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2013
Dear Sir
My Question is My Professional Fee receipts Is Per Month Rs.4,00,00 and Service Tax Rs. 49,440/- Total Bill Amount Is Rs. 4,49,440. Company TDS deducated 10% Including Service Tax ie Rs. 44,944/- How much i have to take Revenue in Income & Expenditure A/c. Full Amount or Rs. 4,00,000/- Because Service Tax collecting and paid same is ZERO. Please Conform Me Sir, Either Revenue of Rs. 4,449,440/- or Rs.4,00,000
My Question is My Professional Fee receipts Is Per Month Rs.4,00,00 and Service Tax Rs. 49,440/- Total Bill Amount Is Rs. 4,49,440. Company TDS deducated 10% Including Service Tax ie Rs. 44,944/- How much i have to take Revenue in Income & Expenditure A/c. Full Amount or Rs. 4,00,000/- Because Service Tax collecting and paid same is ZERO. Please Conform Me Sir, Either Revenue of Rs. 4,449,440/- or Rs.4,00,000
Ganeshbabu K
(Expert)
10 September 2013
Even though in a recent case at rajasthan high court it is held that no tds on service tax of professional fee Recommended to deduct tds as CBDT not yet Notified any circular in this regard
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Refer below for case law
https://blog.tdsman.com/2013/08/no-tds-on-service-tax-on-professional-or-technical-fees/
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.
.
Refer below for case law
https://blog.tdsman.com/2013/08/no-tds-on-service-tax-on-professional-or-technical-fees/
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