Tds on professional fee

This query is : Resolved

Gurvinder Singh (Querist)
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26 September 2014 Kind Attn : Dear Sir/Mam

Pls adv on the following:
-While making payment to our CA, for the F.Y.2013-14, paid in Sept14. How to account for, as we haven't passed any entry on 31-3-14.

- What about the TDS part. Do we need to pay the same alongwith the interest, if so, for how may months, pls adv calculation.

-Also, I read somewhere that the TDS is ro be deducted only on the bill amt exluding service tax, i.e. No TDS to be deducted on service tax part. Is it true?

- If the abv is correct, does this needs to be implied only on professional servuices or all type of billing, whether contractor etc.

Thnx and regards
Gurvinder Singh

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 September 2014 it should have been accounted for as a provision as on 31 March 2014.

TDS should be paid with interest with 7 months interest

Yes, no need to deduct TDS on service tax portion. This applies to all payments.

Arun Jain

Arun Jain (Expert)
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26 September 2014 TDS is to be deducted only on basic amount on every kind of services to avoid double taxation.

Arun Jain

Arun Jain (Expert)
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26 September 2014 TDS is to be deducted only on basic amount on every kind of services to avoid double taxation.

Rupesh Jain

Rupesh Jain (Expert)
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26 September 2014 tds to be deducted on the basis amount w/o service tax . and exp. book in the related year and deduct the tds if applicable.

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