Speculative business attracts service tax
Querist : Anonymous
I have a query regarding service tax applicability:
Is intra-day trading effect the service tax exemption limit?(i.e. Rs. 10,00,000)
For eg. I have income from professional fee of Rs. 7,25,975, and also doing intraday trading, where I am in loss: total Sales/receipt - Rs. 24,87,225 and Purchase/cost Rs. 25,92,415.
Please suggest me Is I am liable to service tax and Can I claim loss against professional fee?
Thanks in advance
Querist : Anonymous
Querist : Anonymous
thanks
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