tds on professional services

This query is : Resolved

pranav (Querist)
Follow

29 August 2009 professional service= rs 22000
service tax = rs 2266
total = rs 24266

is it correct to say that tds on professional charges deductible on rs 24266 as the amount credited in the account of professional is rs 24266. please clairfy.

thanx in advance.

CA Vanesh Nadar

CA Vanesh Nadar (Expert)
Follow

29 August 2009 No. It is would be incorrect as the TDS is deductable on the Gross Amount i.e. Rs.22000/- and the amount of credit ould be the same.

It would be considered as if so you are deducted the tax on Rs.22K.

Nazir

Nazir (Expert)
Follow

29 August 2009 Hey Pranav,

I think you need are correct you need to deduct TDS on gross amount + service tax i.e. 24266/- in all cases except Rent, in case of rent you only need to deduct TDS on gross amount.

Nazir

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pratap Kumar De

BIBIN KUMAR

CA Lalit Kumar Agrawal

CA Ravindra Jain

Yash

Subscribe Now

tds on professional services

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA