Tax Deposition applicability
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Charitable institutions to deposit tax monthly or quarterly
Charitable institutions must deposit service tax monthly, not quarterly, as they aren't individuals or partnership firms. A discussion on the applicability of service tax deposition for charitable institutions concluded that such entities must deposit service tax monthly. Two contributors clarified that since charitable institutions do not fall under the categories of individuals, proprietors, or partnership firms, they are required to adhere to a monthly payment schedule, unlike individuals and partnership firms that pay quarterly. (AI Summary)