Service tax on interest on loan from nbfc
This query is : Resolved
17 March 2016
Dear Sir,
We have availed vehicle loan from various institutions on which we do pay interest. The interst is subject to TDS if loan is from NBFC,
Sir, I Want to know whether we are liable to pay service tax on the interest. As there is a notification stating all services are liable for service tax.
Kindlyguide.
We have availed vehicle loan from various institutions on which we do pay interest. The interst is subject to TDS if loan is from NBFC,
Sir, I Want to know whether we are liable to pay service tax on the interest. As there is a notification stating all services are liable for service tax.
Kindlyguide.
17 March 2016
No service tax payable on interest.
17 March 2016
Service tax is NOT payable on such interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Dried Vegetable Sale from Rajasthan to MP, E-way Bill compulsory or not?
- Amazon.com Tax Report
- EWAY BILL BY SELLER TO MY BUYER DIRECTLY?
- HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- HOW TO CALCULATE FOOD CHARGES
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- CSR funding for private limited companies
- Professional tax deduction monthly
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
