Submitted by TheIndiaStreet on May 25, 2007 - 2:10am.
By Vipin Agnihotri
Contrary to the general belief, service tax will not be levied on entry and exit load charged by a mutual fund. Indian government through a circular clarified this. What’s more, highly placed sources in the government inform The India Street, that the service tax on construction industry has been lowered from previous 4 percent to 2 percent.
