TDS on Professional service

This query is : Resolved

shankar banerjee (Querist)
Follow

05 August 2010 If a professional submits separate bills for his professional charges, out of pocket expenses and consulting fees of other professional then on which bill TDS will be deducted. Whether the position is same if the professional submits a consolidated bill.

Regards

Shankar Banerjee

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

05 August 2010 tds need to deduct u/s.194J

If consoildated bill - total bill vale

if serparate bill- bills except the out of pocket expenses

Message likes : 1 times

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

05 August 2010 In case of consolidation of bills : TDS to be deducted on complete amount.

In case of separate bills : Only profession services bill. NO tds on out of pocket expenses bill as it is only a reimbursement of expenses incurred on behalf of the customer.

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

05 August 2010 In case of consolidated bill deduct TDS on total amount, if separate bill then deduct TDS only on Professional charges @10% u/s 194J.
Subject to threshold limit of Rs. 20000/- p.a. ( from 01.07.2010 limit is Rs.30000/-)

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now