Tds on professional fees (94j)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2015 Please clarify whether the limit of Rs. 30,000/- is applicale on the bill amount(inclusive of Service TAx) or Bill amount excluding Service Tax.

Eg:
Mr X has rendered a professional service to ABC ltd, the breakup of his invoice is as follows:
Basic-Rs.29,500
ST (14%)-Rs.4130
Bill amt-Rs.33630

So, whether TDS is deductable or not u/s 94J

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 September 2015 as far as m concerned.. its on bill amount.... or if you had any contract then on contract amount...

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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22 September 2015 If this is the only payment during the Financial year no need to deduct tax.

Limit also excluding service tax since tds to be done without service tax.

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