Tds of professional fees
This query is : Resolved
09 March 2013
DEAR EXPERTS,
WE HAVE RECEIVED A PROFESSIONAL / CONSULTANCY FEES BILL WITH SERVICE TAX, TOTALLING 56180/- (50000 BASIC PLUS 12.36% SERVICE TAX). nOW, WHILE MAKING PAYMENT, ON WHICH AMOUNT WE HAVE TO DEDUCT TDS - ON 50000 OR ON 56180 ? PL. GUIDE.
REGARDS
ANCKOORA
WE HAVE RECEIVED A PROFESSIONAL / CONSULTANCY FEES BILL WITH SERVICE TAX, TOTALLING 56180/- (50000 BASIC PLUS 12.36% SERVICE TAX). nOW, WHILE MAKING PAYMENT, ON WHICH AMOUNT WE HAVE TO DEDUCT TDS - ON 50000 OR ON 56180 ? PL. GUIDE.
REGARDS
ANCKOORA
09 March 2013
Dear Anckoora,
taxes at source are to be deducted on the gross amount.
Thus, in your case, on Rs 56,180.
taxes at source are to be deducted on the gross amount.
Thus, in your case, on Rs 56,180.
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