GST on Infrastructure Sector
AI and Excel (Start the New Year with New Learnings)(Recorded Courses)
Certification Course on ChatGPT and AI Tools for Professionals
Sector-Wise Analysis under GST - 5 Sectors in 5 Days
Demystifying Section 68 to 69C of the Income tax Act, 1961
Certification course on Balance Sheet Finalisation
Is TDS on professional fees on gross amount (that is, including service tax) or net amount
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.
on gross amount for section 194 j but for
section 194 I TDS on Rent it should be on Net amount.....
TDS u/s. 194J is on actual payment made to professional including any taxes or other expenses which is included in Bill amount.
agree with mr vipul
yes agree....
In case of Professional fees bill, altogehter amount TDS is on Gross including pocket expenses, Traveling, etc
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
on gross amount
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
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....
thanks everybody
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)
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: