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No Service Tax Payable On Interest Income: CESTAT

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By Mariya Paliwala
No Service Tax Payable On Interest Income: CESTAT

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The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that no service tax payable on interest income on fixed deposits with bank and inter-corporate deposits. The bench of  Binu Tamta (Judicial Member) and P.V. Subba Rao (Technical Member) has observed that interest earned from fixed deposits and inter-corporate deposits is…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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