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Archive: 25 March 2009

Posts in 25 March 2009

Service Tax department clarified DICGC Premium is exempt from service tax

March 25, 2009 6105 Views 0 comment Print

Revenue authorities have done banks a good turn towards the close of the financial year. By clarifying that the deposit insurance premium, collected by the Deposit Insurance and Credit Guarantee Corporation (DICGC), is not taxable, the authorities have saved banks, which ultimately would have borne this burden, from paying taxes totting up to a few […]

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