TaxTMI 
TaxTMI 
Service tax on Interest on Hypothecation
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....ervice tax on Interest on Hypothecation<br> Query (Issue) Started By: - satbir singh wahi Dated:- 26-12-2012 Last Reply Date:- 27-12-2012 Service Tax<br>Got 1 Reply<br>Service Tax<br>A NBFC is financi....
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....ng Motorcycles , under hypothecation agreement , all income receipts are accounted as Interest income .Whether they are subject to service tax ? As banks are exempt , so they should be. Reply By Prad....
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....eep Khatri: The Reply: Though Banks re exempted to pay the service tax on the Interest portion, but there is no such exemption available to Non Banking Finance Companies. Please check the Negative li....
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....st as well as Mega Exemption Notification in this regard before taking any option whether to pay or not the service tax?<br> Discussion Forum - Knowledge Sharing ....