Double taxation.

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UMANG GOSWAMI (Querist)
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06 October 2014 SIR, MY QUERRY IS RELATED TO SERVICE TAX AND INCOME TAX . SUPPOSE AN PROFFESSIONAL INSTITUTE PROVIDE SERVICE TO SOMEONE OF RS. 5000000 SO IN THIS CASE AS LIMIT CROSSES OF RS. 1000000 SERVICE TAX HAS BEEN LEVED SO ITS TAXED FIRST TIME AND THAT AFTER HE WILL PAY INCOME TAX SO IT WILL BE TAXED SECOND TIME SO MY QUERRY IS THERE ANY DOUBLE TAXATION ON RS. 5000000.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 October 2014 the ans is no, as there is no double taxation.
firstly service tax is an indirect tax which is lieved on service provided and income tax is direct tax for earning income...both are independent.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 October 2014 Service tax is passed on to the service receiver whereas you have to bear the income tax.

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