Income tax vs service tax

This query is : Resolved 

18 April 2015 Sir,
There is partnership firm pursuing finance business, real estate business. So the firm required to file service tax or income ta return or both ?

18 April 2015 income tax must

service tax depends on the quantum and type of services

18 April 2015 is service tax applicable to commission received by rendering financing


18 April 2015 Service tax applicable on commission.

Any charges or amounts collected over and above the interest or discount amounts would represent taxable consideration.

18 April 2015 yes it wil b applicable



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