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Tax Deposition applicability

05 Jun 2006

2 Replies

1272 Views

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Service tax deposit frequency: charitable institutions must remit monthly while individuals and partnerships remit quarterly.
Charitable institutions are not classified as individuals, proprietors, or partnership firms and therefore fall under the monthly service tax payment obligation; individuals and partnership firms are subject to a quarterly payment schedule. (AI Summary)

Charitable institutions to deposit tax monthly or quarterly

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