Services Tax on Professional Fees
This query is : Resolved
21 January 2011
What is the limit in Financial Year 2010-11
for Chartered Accountant. suppose I receipt
fee for Rs. 10 lacs and above can I pay the
service tax on excess of 10 Lacs.
Thanks & regards
for Chartered Accountant. suppose I receipt
fee for Rs. 10 lacs and above can I pay the
service tax on excess of 10 Lacs.
Thanks & regards
Aditya Maheshwari
(Expert)
21 January 2011
Limit for service tax is Rs. 10 lakhs. If last year you have not crossed the threshold then you can claim exemption of Rs. 10 lakhs for payment of service tax, i. e. if in F. Y. 2009 - 10 u receipt was say Rs. 600,000/- and in this year it is Rs. 1,200,000/- then in current F. Y. 2010 - 11 you need to pay service tax on Rs. 200,000/- only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
