Whether service tax is applicable to interest charged by Bank?
no, service tax not applicable on interest. tds applicable on interest if exceeds rs. 10,000 in year. read http://mytaxes.in/index.php?topic=39.0 service tax applicable on bank charges. information on service tax in india, read http://mytaxes.in/index.php?topic=14.0 if applicable, please let me know nationalised bank or private bank. Business & Finance Taxes India Next