https://www.taxtmi.com/highlights?id=16524 If the agreement does not provide for transfer of assets at the end of the lease term during which monthly user charges are collected, and all risks and rewards incidental to ownership are not transferred, such leasing activities would not fall under the category of financial lease coming under the banking and financial service - AT en-us Tue, 24 Dec 2013 10:19:15 +0530 Tue, 24 Dec 2013 10:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=16524 If the agreement does not provide for transfer of assets at the end of the lease term during which monthly user charges are collected, and all risks and rewards incidental to ownership are not transferred, such leasing activities would not fall under the category of financial lease coming under the banking and financial service - AT Highlights Service Tax Tue, 24 Dec 2013 10:19:15 +0530 https://www.taxtmi.com/highlights?id=16524