Dear All,
CBDT Circular for Service Tax on TDS dated 13-01-2014 can applicable on U/S 194C also ? or not.
2 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 05 August 2014
| Originally posted by : NILADRI SEKHAR RAY | ||
 |
Dear All, CBDT Circular for |
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Yes, as the circular says TDS under Chapter XVII-B, so it applies to section 194C 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
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 05 August 2014
agreed with above answer.
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