Tds on professional receipts

TDS 2196 views 13 replies

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

Replies (13)

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

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....

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....

ya i agree, as per sec. 194 J, TDS on professional Fees are on GROSS AMOUNT which includes Pocket Exp.
Originally posted by : gangca12

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


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)


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