Dear Members,
AS per the new notification No. 1 of 2014 there is no need to deduct TDS on service tax element in case of rent and proffessional service is it the case or there are exceptions to it..
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 July 2014
Not just section 194I/194J. The aforesaid circular is applicable to other sections as well.
.
Para 3 of the said circular states that, (extract) ……tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component.
The statutory provision regarding deduction of tax at source is dealt in Chapter XVII of the Income-tax Act, 1961 which gives the details of the relevant provision of TDS.
.
Chapter XVII - COLLECTION AND RECOVERY OF TAX
A --- General
B --- Deduction at source
BB - Collection at source
C --- Advance payment of tax
D --- Collection and recovery
E --- Tax payable under provisional assessment
F --- Interest chargeable in certain cases
G --- Levy of fee in certain cases
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