Asset management service taxation: providers (excluding banks and certain financial institutions) liable to service tax for fund and portfolio management. Asset management services, including portfolio and all forms of fund management, are taxable when provided by any person to any other person, except ... Summary
Asset management service taxation: providers (excluding banks and certain financial institutions) liable to service tax for fund and portfolio management.
Asset management services, including portfolio and all forms of fund management, are taxable when provided by any person to any other person, except services provided by a banking company, financial institution (including a non-banking financial company) or specified corporate/commercial concerns; providers who are not so excluded are liable to pay service tax.
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