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TDS ON PROFESSIONAL FEE

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This query is : Resolved

chandan (Querist)
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18 January 2017 We had paid Rs. 40250 to our CA ( including service tax ) for the m/o oct 2016 as on 20-10-2016.now I want to deduct TDS on that it comes rs. 3500. I have passed the following entries kindly confirm if I passed the correct entries. 1) Legal & Professional fee Dr. 43750 CA Firm A/c. CR. 43750 2) CA Firm A/c. DR. 43750 To Bank CR. 40250 To TDS. CR. 3500 3) TDS A/c. Dr . 3500 To Bank. CR. 3500 We are not providing any kind of service that why I have not debited service tax amount also tell me do I need to debit the service tax amount or not?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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18 January 2017 Whether you are taking input on service tax ? if you take input Service tax And KKC to be Grouped under Duties and taxes to claim input , if you are not claiming service tax input Group under indirect expenses Dr. Audit fees Rs.35000 Dr . Service Tax -Input 5250/- Cr Tds on Profesional Fees Rs.3500 Cr. CA firm A/c Rs.36750/-

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