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Service tax on compensation for termination of contract

This query is : Resolved 

03 August 2012 Suppoese I had a rental contract for 3 years. But due to some reasons, the contract was terminated before the completion of 3 years. In such a situation, will service tax be charged on the following :

Forfeited deposit

Compensation charged for early termination of the contract.

04 August 2012 No S.tax Will not b Charged On amount of compensation if such term was mentioned in agreement ....



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