TDS on Professional Fees u/s 194J

Page no : 2

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 13 June 2022

Not at all as law clearly states that deduct TDS on payment basisi. You have to show the actual amount of income in TDS column.

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 13 June 2022

Income was already offered to tax in the year of invoice

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 13 June 2022

There is option to declare year in which income declared.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 14 June 2022

Seller declare the income in the year of invoice issued

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 14 June 2022

Yes and show the details in his ITR.

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 14 June 2022

How about in the year of Tds credit ?

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 15 June 2022

What you want to ask???

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 15 June 2022

Income is taxable in the year of invoice and what about if the tds for the same invoice is credited in subsequent years as per the query

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 16 June 2022

Just check ITR forms there is option to declare income of current year. Also AIS has facility to give feedback for difference in income amount as per return and TDS Certificate.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 16 June 2022

You are not understanding the query. Read it again

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 16 June 2022

I already understand it and I have done it many times, so stop confusing the person. If you have knowledge on it then reply otherwise don't interfere in every post