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TMI Blogservice tax on operating lease of auto rickshawsX X X X Extracts X X X X X X X X Extracts X X X X ..... NBFC WANTS TO LEASE OUT AUTO RICKSHAWS AS OPERATING LEASE. WHETHER THERE IS SERVICE TAX ON INTEREST PAYMENTS. BUT ON HYPOTHECATION OF ASSETS , INTEREST INCOME , NO SERVICE TAX IS PAID BY BANKS. PLEASE CLARIFY. - Reply By ALOK GUPTA - The Reply = Your question is not supported by full facts figures. Interest payment is out of ambit of service tax. How does hypothecation of assests interest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income come into picture. What is the nexus between NBFC banks? Whether you compare the service rendered by an NBFC a Bank? Which amount, to come under tax purview, is being sought for? [Views expressed are individual in nature] - Reply By satbir singh wahi - The Reply = NBFC WANTS TO LEASE OUT AUTO RICKSHAWS AS OPERATING LEASE. WHETHER THERE IS SERVICE TAX ON INTEREST INCOME EARNED ON ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... OPERATING LEASE OF AUTORICKSHAWS. - Reply By Vijay Chitte - The Reply = As per Notification 04/2006-ST , w.e.f. 01.03.2006 service tax will be payable only on 10% of Interest plus management fees / Documentation charges/ processing fees in case of hire purchase and leasing. - Reply By Rajeev Gupta - The Reply = Service Tax is not leviable in case of OPERATING lease. - service tax on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... operating lease of auto rickshaws - Query Started By: - satbir singh wahi Dated:- 2-6-2012 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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