Tds on professional fees (94j)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2015
Please clarify whether the limit of Rs. 30,000/- is applicale on the bill amount(inclusive of Service TAx) or Bill amount excluding Service Tax.
Eg:
Mr X has rendered a professional service to ABC ltd, the breakup of his invoice is as follows:
Basic-Rs.29,500
ST (14%)-Rs.4130
Bill amt-Rs.33630
So, whether TDS is deductable or not u/s 94J
Eg:
Mr X has rendered a professional service to ABC ltd, the breakup of his invoice is as follows:
Basic-Rs.29,500
ST (14%)-Rs.4130
Bill amt-Rs.33630
So, whether TDS is deductable or not u/s 94J
CA AnKiT BoHrA (AB)
(Expert)
22 September 2015
as far as m concerned.. its on bill amount.... or if you had any contract then on contract amount...
22 September 2015
If this is the only payment during the Financial year no need to deduct tax.
Limit also excluding service tax since tds to be done without service tax.
Limit also excluding service tax since tds to be done without service tax.
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