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February 2014

No TDS to be deducted on Service tax component – Circular no. 1/2014 dated 13th January 2014

By Pinky Shah, Sonalee Godbole, Chartered Accountants
Reading Time 1 mins
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CBDT has clarified that where as per the terms of contract, service tax is indicated to be charged separately to a resident, TDS would not be deductible on such component of service tax for all items covered under Chapter XVII-B of the Act.

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