Banking & Financial Services

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CA Ysil Karunai (Querist)
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20 November 2009 Dear Sir,
Whether Loan processing charges attracts service tax?

CA Chandra Kishore Bajpai (Expert)
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21 November 2009 yes service tax applicable in loan processing charges.

Vig , Rakesh (Expert)
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21 November 2009 Agreed with Mr.Bajpai.Almost all chargable services by bank or NBFC are under service tax bracket.

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