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Service tac applicable to individuals

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2013 Sir,

Is the service tax applicable to individuals who are in the business of lending money and earning interest ? pl. urgent.
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CA Suresh Jain

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CA Suresh Jain (Expert)
16 August 2013 No service tax applicable on interest income

disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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Anil Sankar V

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Anil Sankar V (Expert)
23 August 2013 So, sir it is not applicable.
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CA Suresh Jain

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CA Suresh Jain (Expert)
23 August 2013 Yes it is not applicable
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Anil Sankar V

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Anil Sankar V (Expert)
01 September 2013 Thank you sir
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