Service tax applicable on un-secured loans given by propriet
This query is : Resolved
19 January 2016
Whether Service tax is applicable on Interest received by the proprietors/partners/directors or any other individuals or companies (except bank since interest on bank loan, service tax is not applicable as of now) provided his income from salary, rent or any other source exceeds 10 lakhs?
20 January 2016
No service tax applicable on any interest income.
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