Service Tax Related..

Q & A Forum › Category: Tax Planning › Service Tax Related..

rmohan asked 10 years ago

Hi Sree , I am paying a service tax of 150000 rs. quarterly to the government. it comes under my rental income. i want to know what are the ways where i can reduce my service tax amount. I want to know the details regarding that. So kindly advice me on the above. And i want to know what all ways i can reclaim (/reduce) my service tax amount which is to be paid quarterly to the government. Thankyou.

1 Answers

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Sreekanth Staff answered 10 years ago

Hi, Once you are in 'service tax' bracket, you are never out of it :) The possible option is you can plan is it to SPLIT the income in different business entities or in other individual names. Suggest you to kindly consult a Chartered Accountant and take help!