TDS ON PROFESSIONAL AND TECHNICAL SERVICES

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MANAGER- ACCOUNTS CORPORATE
307 Points Posted on 02 February 2021
Kindly advise how to identify Professional and Technical Services in the bills and with details for deduction of TDS
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On 02 February 2021 at 10:10 Report
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This discussion clarifies how to identify professional and technical services for TDS (Tax Deducted at Source) purposes. Invoices from CAs, CS, lawyers, and legal advisors typically fall under professional services, with a current TDS rate of 7.5% and a threshold limit of £30,000. Architects and interior decorators are also mentioned as falling under this category.

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ACCOUNTS MANAGER
2213 Points Posted on 02 February 2021

If any CA, CS, Lawyer or Legal advisor raise invoice, its coming under professional . One should deduct tds under professional AS its current rates are 7.5% & threshold limit is 30000 .

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On 02 February 2021 at 11:05
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17269 Points Posted on 02 February 2021
Architect Interior decorator also
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On 02 February 2021 at 20:26

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