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T.d.s on professional fees

Accounting Entries 458 views 5 replies

Dear Sir,

We have to pay one individual's Bank A/C  for valuation charges from our private company Bank A/c.The person is working in one Approved Valuer Wealth Tax.They did not raise any gst bill but the payment is Rs. 30200/-.what will be the treat in our books of account. 

Replies (5)

Whether Approved valuer is Chartered Engineer or any other person

Chartered Enginner

Deduct TDS @ 10% and ask for Bill from Party

 

Thank you

 

Deduct TDS 10 Percent after deducting applicable GST


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