Tds u\s 194j

This query is : Resolved

Guest

Guest (Querist)

21 May 2012 Good afternoon sir.I rec.a bill of professional charges.amt of 35000 with service tax added 12.36%.sir can u plz tell me that will i deduct tds total bill or only professional charges without service tax

prateek aanchalia

prateek aanchalia (Expert)
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21 May 2012 only professional charges...

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 May 2012 TDS will be deducted on the total bill including service tax.

Please read circular 4/2008.

The benefit of deducting TDS only on the income portion is available only for Section 194I (rent) and not for professional income.

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