Will any one clarify about the deduction of the TDS on the serveice tax charged on the bill for professional fee??
Will any one clarify about the deduction of the TDS on the serveice tax charged on the bill for professional fee??
| Originally posted by : SHAUYRA SHESH | ||
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Will any one clarify about the deduction of the TDS on the serveice tax charged on the bill for professional fee?? |  |
.Recently, CBDT has exempted deduction of TDS from service tax component if it's charged separately.
-- Circular No. 01/2014, dated 13.01.2014.
CBDT, vide its circular no.01/2014, has clarified that in case the service tax has been shown separately on invoice, no TDS shall be charged on service tax component.
Earlier, this relief was granted to TDS u/s 194-I only. Now, the same has been extended to all the other sections under chapter XVII-B.
The circular has been enclosed herewith for reference.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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