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gangca12 (CA Practice )     12 September 2012

Tds on professional receipts

Is TDS on professional fees on gross amount (that is, including service tax) or net amount



 13 Replies

Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     12 September 2012

It should be on the gross amount.  the language of section 194J states that 'Any Sums paid'.  So the amount inclusive of St shall be considered.

1 Like
CA VIPUL PATIL

CA VIPUL PATIL (CA IN SERVICE)     12 September 2012

on gross amount for section 194 j but for

section 194 I TDS on Rent  it should be on Net amount.....

 

Sumit S. Rathi

Sumit S. Rathi (Internal Auditor cum Financial Advisor)     12 September 2012

TDS u/s. 194J is on actual payment made to professional including any taxes or other expenses which is included in Bill amount.

valji

valji (Accounts manager-MBA)     12 September 2012

agree with mr vipul

CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     12 September 2012

Originally posted by : vipul patil

on gross amount for section 194 j but for

section 194 I TDS on Rent  it should be on Net amount.....

 


yes agree....

sadashiv Rupchand Gaikwad

sadashiv Rupchand Gaikwad (Proprietor)     12 September 2012

In case of Professional fees bill, altogehter amount TDS is on Gross including pocket expenses, Traveling, etc

Gunjan Tulsyan

Gunjan Tulsyan (Article)     12 September 2012

Tds is to be deducted on the gross amount that is inclusive of ST only in case of TDS on Rent 194I section the expense is to be taken excluding of ST

Arif Ali

Arif Ali (Apt Co Advisory)     13 September 2012

on gross amount

Abhishek Jain

Abhishek Jain (Artical)     13 September 2012

 

on gross amount for section 194 j but for

section 194 I TDS on Rent it should be on Net amount.....

Agree with Vipul.

https://www.cainindia.org/news/9_2010/incometax_act_section_no_194j.html

Supriyo Banerjee

Supriyo Banerjee (Executive Finance)     13 September 2012

Absolutely TDS on Receipts of Proffesional fees as per 194J is in any sum of amout received by the assesee ....it is inclusive of ST....

Mihir

Mihir (CA)     13 September 2012

ya i agree, as per sec. 194 J, TDS on professional Fees are on GROSS AMOUNT which includes Pocket Exp.
1 Like
gangca12

gangca12 (CA Practice )     15 September 2012

Originally posted by : gangca12

Is TDS on professional fees on gross amount (that is, including service tax) or net amount


thanks everybody

 

Ravi Kumar Mahaur

Ravi Kumar Mahaur (CA-FINAL)     16 September 2012

On rent u/s 194I tax is deducted on gross amount (excluding service tax)

However as per section 194J tds is deducted on total amount (including service tax)


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