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Interest income

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(Querist)
11 October 2016 Dear All, I m working for a real estate company and we charge (flat installment amount) interest to clients if they don't give due amount within due date. So my question is should we charge service tax on that interest income?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 October 2016 Service tax not applicable on interest income.

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