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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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