Do I need to pay service tax even if my income is less than 10 Lakhs
My Gross income from all mutual funds is below rupees ten lac, So I have not registered with Service Tax Department, I want to know whether I will have to include my commission from Life Insurnace & General Insurance for calculating 10lac limit?
You need not register with Service Tax department as your total mutual fund income is less than Rupees Lakhs per annum. You will not have to calculate commission received from Life and General Insurance companies for this purpose.
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