No Service Tax on Tax Deducted at Source – An Interesting Proposition
The issues involving interplay of direct and indirect tax laws are often complex, as one is a tax on income while the other is a transaction tax. For resolving such issues, the concept of one law cannot simply be borrowed and applied to the other, yet the respective authorities interpret their respective law to maximize the tax revenues. Resultantly, the assessee is left in quandary for adopting an appropriate tax position.
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