No TDS on Service Tax Portion-CIRCULAR NO. 1/2014 [F.NO.275/59/2012-IT(B)], DATED 13-1-2014

[Siddharath Gupta]

1. In exercise of the powers conferred under section 119 of the Act, the Board has decided that wherever in terms of the agreement/contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indicated separately,tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component. 

2.This circular may be brought to the notice of all officer for compliance

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WITH WARM REGARDS

CA SIDDHARATH GUPTA
VIJAY MUKESH & CO.
CHARTERED ACCOUNTANT
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