TDS on Professional service
This query is : Resolved
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
Regards
Shankar Banerjee
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
If consoildated bill - total bill vale
if serparate bill- bills except the out of pocket expenses
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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.
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.
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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/-)
Subject to threshold limit of Rs. 20000/- p.a. ( from 01.07.2010 limit is Rs.30000/-)
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