TDS on Professional Charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2010
Sir i want to know that if a CA Received profession Fees from a Company Rs.20000/- that company deduct TDS Rs.2000. If he received Lump sum Rs.15000 as a Car Petrol Exp. then TDS applicable on this amount. if yes then what is the entry of this transaction. Car petrol to Bank or Professioal Charges to Bank.
Thanks in Advance
Thanks in Advance
CMA Ramesh Krishnan
(Expert)
18 February 2010
Rembursment expenses not attract TDS if the bills is raised separatly other wise you need to deduct TDS
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