Tds on professional fees (94j)

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Querist : Anonymous

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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

22 September 2015 as far as m concerned.. its on bill amount.... or if you had any contract then on contract amount...

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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