Tds on professional
This query is : Resolved
Rakesh Sharma
(Querist)
18 November 2014
Our CS raised a single invoice as per details given below :-
1. Professional Charges 28000/-
2. Challan paid by him for Rs. 4500/- on our behalf.
Should we deduct TDS?
Please advise.
1. Professional Charges 28000/-
2. Challan paid by him for Rs. 4500/- on our behalf.
Should we deduct TDS?
Please advise.
18 November 2014
if both amount are seperately invoiced then deduct tds only on professional charges and not on reimburesement of exp.
Rakesh Sharma
(Querist)
18 November 2014
In a single invoice both are separately mentioned, but in single invoice.
18 November 2014
then on total amount including reimbursement tds shall be deducted.
Ganeshbabu K
(Expert)
18 November 2014
NO TDS APPLICABLE ON THIS TRANSACTION,AS PROFESSIONAL CHARGES NOT EXCEEDED 30000
.
.
CHALLAN AMOUNT PAID BY HIM CAN BE CONSIDERED ONLY AS RE-IMBURSMENET AS HE CAN ALSO PROVIDE U TAX CHALLAN PAID BY HIM
.
.
CHALLAN AMOUNT PAID BY HIM CAN BE CONSIDERED ONLY AS RE-IMBURSMENET AS HE CAN ALSO PROVIDE U TAX CHALLAN PAID BY HIM
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