Poonawalla fincorps
Poonawalla fincorps

Service tax on Bank

This query is : Resolved 

06 January 2011 I have a Query of:-
a). Suppose we take a loan from bank and pay interest on it or we invest in FDR and recovered interest after deduction of TDS is it included as a service of Bank if yes then "How Bank impose service tax, with entry?"

06 January 2011 This service is not covered under srvice tax.



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