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Service Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

If the agreement does not provide for transfer of assets at the ...

Service Tax

December 24, 2013

If the agreement does not provide for transfer of assets at the end of the lease term during which monthly user charges are collected, and all risks and rewards incidental to ownership are not transferred, such leasing activities would not fall under the category of financial lease coming under the banking and financial service - AT

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