Professional firms

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Dear All, Request you to clarify the following points: In a professional firm , does the gross receipt includes Fees+ Conveyance reimbursement+Service tax ? Do we need to deduct TDS from the gross receipt and also how the TDS on professional fees accounted for in P & L account? Thanks in advance. K.Ganesh
Replies (1)

gross reciept includes service tax but not conveyance.

if it is specifically mentioned as conveyance is included then it is.

or else no.

- Ashi(meritranker.com)


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