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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2014 If any courier company take security deposit for giving franchisee, & later on upon non compliance of any term the same is forfeited, then whether it is liable for service tax or not?
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Amol S Joglekar

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Amol S Joglekar (Expert)
06 November 2014 security deposit is not liable for service tax. (Well, once forfeited, it will be liable for income tax)
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