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ISservice tax applicable to small mutual fund distributors HAVING BUSINEES OF 2 LAKS ONLY? |
AMC IS DEDUCTING SERVICE TAX FROM RUPEE 1 If you are selling or distributing or servicing products of someone else, you are not covered under the exemption of Rs. 4 or 8 lacs, hence you are covered the provisions of Service Tax Act. Since, you said you are a mutual fund distributor, prima facie, you are not covered under the exemption clauses. You may seek your case specific study and professional opinion, if in doubts. |
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