We Required TDS Deduction on the Basic Values as Per New TDS Cercullar

We Required TDS Deduction on the Basic Values as Per New TDS Cercullar

.....................TDS Cerkular.................

CHAPTER XVII-B OF THE INCOME-TAX ACT, 1961 - COLLECTION AND RECOVERY OF

TAX - DEDUCTION AT SOURCE - CLARIFICATION REGARDING TDS UNDER CHAPTER

XVII-B ON SERVICE TAX COMPONENT COMPRISED OF PAYMENTS MADE TO

RESIDENTS

CIRCULAR NO. 1/2014 [F.NO.275/59/2012-IT(B)], DATED 13-1-2014

The Board had issued a Circular No.4/2008 dated 28-04-2008 wherein it was clarified that tax is to be

deducted at source under section 194-I of the Income-tax Act, 1961 (hereafter referred to as 'the Act'),

on the amount of rent paid/payable without including the service tax component.