Circular No. 01 /2014 – Income Tax -CLARIFICTION REGARDING TDS ON SERVICE TAX COMPRISED IN THE PAYMENTS MADE TO RESIDENTS
https://www.chdcaprofessionals.com/2014/01/circular1incometaxclarificationtdsonservicetaxcomponent.html
This is applicable only when there is a contract/ agreement between the payer and the payee and in that agreement the service tax amount is mentioned sepetrately.
But normally, there is no contract and service tax is just mentioned in the bill seperately. Will this Circular apply to those cases?
Also, I hope that this circular dt 13/01/14 applies for AY 2014-15.
CA Vikas Kumar Sharma
(CA)
(494 Points)
Replied 17 January 2014
Means- "No TDS on Service Tax if shown separately" and appliccable for all
provision of TDS .
CA. ANKUR JAIN
(CA.....)
(2800 Points)
Replied 17 January 2014
Hi,
This circular is applicable for entire chapter XVII-B (chapter of tds)...
So it covers all sections and applicability date not mentioned so it is applicable from the date of publication.
INCOME TAX NOTIFICATION 5 / 2014 - Income – Tax ( 1st Amendment) Rules, 2014
https://forum.chdcaprofessionals.com/INCOME-TAX-NOTIFICATION-5-2014-Income-Tax-1st-Amendment-Rules-2014-tp371.html
| Originally posted by : CA. ANKUR JAIN | ||
 |
Hi, This circular is applicable for entire chapter XVII-B (chapter of tds)... So it covers all sections and applicability date not mentioned so it is applicable from the date of publication. |
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Applicable for entire chapter XVII-B (chapter of tds) including 94j . There is only reference given of section 94j in the circular . It does not mean that it is applicable only under section 94j as shown on other websites.
INCOME TAX NOTIFICATION 6 / 2014 - Section 80D of the Income-tax Act, 1961
https://forum.chdcaprofessionals.com/INCOME-TAX-NOTIFICATION-6-2014-Section-80D-of-the-Income-tax-Act-1961-tp375.html
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 18 January 2014
Nehal
(Finance Officer)
(166 Points)
Replied 18 January 2014
CAclubindia
