Sachin receives ₹10,000 as interest on delayed payment. The amount of service tax will be —
CS Executive · Tax Laws and Practice · PYQS · December 2014
Sachin receives ₹10,000 as interest on delayed payment. The amount of service tax will be —
Answer & Explanation:
Correct Answer: Option (C)
Correct answer: (C) No service tax on interest on delayed payment. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.
Topics: Service Tax
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