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My firm issues a cheque for Rs 28000/- today towards
Advocate fees to Adv. Mr X. After three months the same Adv.
Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax
part u/s 194J of the I.T.Act? Do I have to pay TDS on the
first paid Rs 28000/- or ignore, or while paying him the 2nd
cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=.
Or on the other hand also pay Interest on TDS on Rs 28000/=
for delaying the payment? Trust the issue is crystal clear?
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Answer / savithramma tv
If you know the total bill amount then you deduct TDS in one
shot or after knowing the total bill amount you have to deduct
TDS for professional service. i mean Rs.53000/=
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / phanindra babu
Professional Service TDS 10% Deduct SO TDS Deduct Quarter Wise (i.e 1 ST Quarter 2nd Quarter 3rd Quarter & 4 th Quarter)
| Is This Answer Correct ? | 0 Yes | 0 No |
i think in this situation when Cheque of Rs. 28000.00 is
issued. it is below of threshold limt that is Rs. 30000.00
in this situation tds is not deduct because 28000.oo is
less thein 30000.
But after three month a another payment is realesd of rs.
25000. now here the total payment is become rs. 53000.00
( i.e. 28000.00+25000.00) now this amount is cross the
threshold limt( i.e. rs.30000). Now the TDS Will be deduct
on rs. 53000.00 plus interst is charges for late payment of
TDS on 28000.00
| Is This Answer Correct ? | 2 Yes | 4 No |
dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque already cut tds 2.065% how will the service tax how i calculate this pls give easy process.
we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks
DEAR SIR,PLEASE INFORM US THAT BETWEEN BILL DATE & INWARD DATE WHAT DATE WE HAVE TO WRITE IN "C" FORM.AS WHEN WE RECD.BILL IN DATED OF 30TH JUNE, & WE ARE TAKING THE SAME IN JULY AS OUR INWARD DATE, IN THIS CASE QUARTER HAS BEEN CHANGED & PARY IS ASKING FOR BILL DATE IN "C" FORM INSTEAD OF INWARD DATE.KINDLY HELP US IN THIS REGARD-RAJESH PATEL.PH.079-25624003
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