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(Querist)
09 April 2008 If in the previous year the assessee was subject to service tax liability(8lacs) & paid the taxes but in the current year his income is below the threshhold limit(below 10lacs), will he have to file the returns and deposit the taxes?
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Jitender

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Jitender (Expert)
09 April 2008 he should file return. & no tax will be paid as income is less than threshold limit. for non-filing of return penalty can be levied.
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R.V.RAO

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R.V.RAO (Expert)
09 April 2008 YES, THE SERV. TAX RETURN SHLOULD BE FILED BUT NOT DISCONTINUED. ONLY SERV. TAX IS NOT PAID.
R.V.RAO
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