TDS Return

TDS / TCS 452 views 2 replies

Dear Sir,

This is  a query concerning the amount to be entered in the field 'Amount Paid / Credited' in the TDS Return (Sec. 195J)

Suppose that the total bill raised by the professional from whom the tax was deducted is Rs. 10,000 (Rs. 9,000 as professional fees and Rs. 1000 as Service Tax), should Rs. 10,000 or Rs. 9,000 be considered as the Amount Paid/Credited?

Please help me.

Replies (2)

Dear Jijo,

Answer is simple no TDS is required since limit u/s 194J is Rs. 20,000.....:))

But TDS u/s 194J has to be deducted on Amount inclusive of Service tax...

Plz note that Borad's Circular regarding exclusion of service tax for TDS purposes is applicable only for rent payments u/s 194 I

Dear Amir,

Thanks for your reply.

Concerning the limit under the section, it was a gap in my question - i had failed to add that this payment of Rs. 10,000 was only one among other payments made to the professional during the year.

Thanks again.


CCI Pro

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