My friiend is working as consultant with an I.T & Software Firm. Company is deducting 10% TDS. Company is in Thane(Maharashtra) and friend stay in Mumbai. Please let me know service tax and profession tax liabilities to be paid by him.
M K R PILLAI (Retd.Pvt.Employee) 09 February 2012
My friiend is working as consultant with an I.T & Software Firm. Company is deducting 10% TDS. Company is in Thane(Maharashtra) and friend stay in Mumbai. Please let me know service tax and profession tax liabilities to be paid by him.
A V Vishal (Advocate) 09 February 2012
If the Gross consultancy receipts exceeds Rs.10.00 lakhs he is liable to collect and pay service tax. Further, Profession tax should be paid as per the same determined by the State of Maharashtra.
Saseendran (Consultant) 09 February 2012
The TDS pertains to Income Tax . No service tax. Profession Tax is levied by the local authority (Corporation or Municipality etc.).
M K R PILLAI (Retd.Pvt.Employee) 10 February 2012
Thanks for the reply. But I have a doubt. The Consultant does not deliver any material.
mkrpillai
M K R PILLAI (Retd.Pvt.Employee) 10 February 2012
Thanks. My doubt is that since consultant is not delivering any kind of material, shall he have to pay service tax. Kindly reply.
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