Profit share is applicable service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2009
Sir,
We jointly done one business, both are share the profit. That profit is under the service tax?
Please explain
We jointly done one business, both are share the profit. That profit is under the service tax?
Please explain
CA SANJAY MUKHERJEE
(Expert)
03 November 2009
please explian your question first as service tax is chargeable on service provided and not on profit.
What is your status of business, e.g propritorship,partnership firm,aop, and what services you are providing.
What is your status of business, e.g propritorship,partnership firm,aop, and what services you are providing.
04 November 2009
Question is not clear bayya!
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