Tds on local conveyance
This query is : Resolved
30 April 2014
whether TDS is deducted on local conveyance paid to a professional service provider? if yes than on what rate , 10% or 1%/2% ?
Nikhil Kaushik
(Expert)
30 April 2014
if paid as reimbursement, then no TDS. if paid as an allowance, then 10%
Message likes :
1 times
30 April 2014
but the professional mention it in his invoice. for eg. prof. fees 15000 + conveyance charges 2000. than what is the provision?
Nikhil Kaushik
(Expert)
30 April 2014
see, if the conveyance charges are backed by bills (originals of which are being submitted to you) then you can reimburse and deduct no TDS on the same.
If it is a lump-sum amount is being asked for with no link to actuals being spent, then deduct tds on the same.
If it is a lump-sum amount is being asked for with no link to actuals being spent, then deduct tds on the same.
30 April 2014
thanks and please tell me the date of applicability of the provision that no tds is deduct on service tax charged on professional services?
Rupesh Jain
(Expert)
30 April 2014
PLS ESEE CIRCULAR OF INCEME TAX 1/2014
Nikhil Kaushik
(Expert)
30 April 2014
Rupesh, that circular is on service tax and not on reimbursements..wonder where your draw analogies..
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
- Nursery business
- Tax on Amount transferred in HUF Account
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
