A charted accountant has submitted a bill towards his
professinal fees of Rs.330900.00 which includes service tax
of Rs.30000, Edu cess Rs.600.00 and shec of Rs.300.00.
Please suggest me how much TDS we will deduct from this
bill.
Answers were Sorted based on User's Feedback
Answer / deepak
TDS will be deduct on bill amount. it means 330900.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / rakesh verma
The amount of professional services is Rs. 3,00,000 and the
rest amount of Rs. 30900/- is service tax. TDS would be
deducted on Rs. 3,00,000/- @ 10% no surcharge is applicable now.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / h.r. sreepada bhagi
Since these rates are bound to change from time to time,
refer the latest Income Tax Reckoner or find rates through
internet sites (IT Dept. Website also)W.e.f. 01.10.09, there
was an amendment on E Cess & SHE Cess & w.e.f 1st July, 2010
threshold limits for some incomes for TDS are likely to
change as per the budget proposals once it's approved.
It's always to better to access the latest authentic source
for such information. Sources are - Tax Consultants,
Auditors, Concerned Govt. Depts., Related Books/Reckoners,
or offical website of the concerned dept. of any other
service providing site.
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / suma
Total Bill amount is 330900 on 10% it will come 33090 and cess on the tds amount 992.70 then total tds amount should be deduct is 34,083.
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / mukesh kumar sharma
TDS will be deduct on Total Bill Amount which is 3,30,900 @
rate of 10% it means TDS Deductable Rs. 33,090.00
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / moti
Total deduction will be full amount i.e Professtional fee
including sevice tax and cess and shecess @ 10.3% whereas
10% Tds 2% cess 1% ecess=10.3%
| Is This Answer Correct ? | 0 Yes | 6 No |
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