service tax
This query is : Resolved
Utpal mehta
(Querist)
17 May 2016
is there any clause in income tax for refund of service tax deducted from the income of mutual fund distributors?
if so what is the procedure to claim the same
Rupesh Jain
(Expert)
17 May 2016
income tax and service tax both diff act.
Utpal mehta
(Querist)
17 May 2016
ya both are different but can we get the refund of service tax which mutual fund company has deducted from brokerage income?
KAVIRAJA ADDANGADI
(Expert)
17 May 2016
No, you can not claim service tax refund. But you can claim deduction on service tax deducted as expenses against brokerage income.
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