Tds on prof fees company and non-company deductees

This query is : Resolved

arun laxman gaikwad (Querist)
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23 January 2014 Dear Sir
It is heard that new rule has come from Jan.2014 that while deducting TDS on prof fees bills technical and non-technical that TDS should be deducted on only net amount and not gross amount of bill.

Therefore to exclude service tax amount and then deduct TDS.

Pls confirm and inform if such rule is there and if it is then from which date is effective.

Thanks
Arun

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 January 2014 it means that TDS is not to be deducted on service tax portion if it is charged separately.

If service tax is included in the bill, then you may have to deduct TDS on service tax portion also.

Yes there is the notification: CBDT Notification No.5/2014, Dated: January 15, 2014

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