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Huf gives professional bill

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ayesha

mcom

383 Points Posted on 21 April 2015

1) if an huf provides professional services to our company amounting to rs 100,000 per month,then we have to deduct 10 % tds on professional bill. do we have to take care of 250,000 rupees exemption limit or just deduct 10 % tds on every bill .

2)if a bill has service tax on it do we have to deduct tds on that bill oly for the reason that service tax is charged.

Replies (3)

CA HAYEDAR SHAIKH

Practice

452 Points Posted on 21 April 2015

Dear Aayesha,

Section 194J states that if fees for professional or technical work is at Rs. 30000/- or more than 30000/- then you need to deduct TDS @ 10%.

You do not need to think about the basic exemption limit.

In the second case you also need to deduct the TDS. See the attached file for ready reference.

moulali

student

508 Points Posted on 22 April 2015

There is no question of verifying basic exemption limit to deduct TDS u/s 194J. If single bill amount exceeds RS.30000/- or The agreegate payment in a year exceeds Rs.75000/- Here either case you have to deduct TDS u/s 194J @ 10℅.