Tds u/s 194j deducted or not

TDS 797 views 1 replies

Senior Accounts Officer

1548 Points Joined June 2013

GOOD AFTERNOON EXPERTS
TODAY I READ IN SIMPLE TAX SITE THAT No TDS on Professional & Technical Fees u/s. 194J of Income Tax Act by Service Tax. Circular No. 01/2014 dated 13.01.2014. IT MEANS SIR WILL WE NOT DEDUCTED TDS @ 10% U\S 194J FOR PROFESSIONAL SERVICES.

Replies (1)

Following My Dreams

228 Points Joined December 2008

^ Little Dizzy English

Anyways

Here Is What That Circular Meant:

TDS Wont Be Deducted On The Portion Of Service Tax In Profesional Charges Bill.

For Example

If Professional Invoice Amounts To 101236 (Charges 10000 + Service Tax 1236)

Then TDS Shall Be Deducted On 10000 Only Not 101236

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