Is TDS on professional fees on gross amount (that is, including service tax) or net amount
13 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 12 September 2012
It should be on the gross amount. the language of section 194J states that 'Any Sums paid'. So the amount inclusive of St shall be considered.
CA VIPUL PATIL
(CA IN SERVICE)
(61 Points)
Replied 12 September 2012
on gross amount for section 194 j but for
section 194 I TDS on Rent it should be on Net amount.....
Sumit S. Rathi
(Internal Auditor cum Financial Advisor)
(31 Points)
Replied 12 September 2012
TDS u/s. 194J is on actual payment made to professional including any taxes or other expenses which is included in Bill amount.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 12 September 2012
| Originally posted by : vipul patil | ||
 |
on gross amount for section 194 j but for section 194 I TDS on Rent it should be on Net amount..... |
 |
yes agree....
sadashiv Rupchand Gaikwad
(Proprietor)
(521 Points)
Replied 12 September 2012
In case of Professional fees bill, altogehter amount TDS is on Gross including pocket expenses, Traveling, etc
Gunjan Tulsyan
(Article)
(222 Points)
Replied 12 September 2012
Tds is to be deducted on the gross amount that is inclusive of ST only in case of TDS on Rent 194I section the expense is to be taken excluding of ST
Abhishek Jain
(Artical)
(32 Points)
Replied 13 September 2012
on gross amount for section 194 j but for
section 194 I TDS on Rent it should be on Net amount.....
Agree with Vipul.
https://www.cainindia.org/news/9_2010/incometax_act_section_no_194j.html
Supriyo Banerjee
(Executive Finance)
(181 Points)
Replied 13 September 2012
Absolutely TDS on Receipts of Proffesional fees as per 194J is in any sum of amout received by the assesee ....it is inclusive of ST....
Mihir
(CA)
(25 Points)
Replied 13 September 2012
ya i agree,
as per sec. 194 J, TDS on professional Fees are on GROSS AMOUNT which includes Pocket Exp.
Ravi Kumar Mahaur
(CA-FINAL)
(202 Points)
Replied 16 September 2012
On rent u/s 194I tax is deducted on gross amount (excluding service tax)
However as per section 194J tds is deducted on total amount (including service tax)
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