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
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
