- All Categories
- Income Tax (1614)
- Students (768)
- Service Tax (497)
- Corporate Law (462)
- Audit (393)
- Accounts (336)
- VAT (277)
- GST (136)
- Excise (106)
- Finance (104)
- Banking (46)
- FEMA (40)
- Custom (29)
- Shares & Stock (18)
- IFRS (17)
- Income Tax Software (4)
- Cost Inflation Index (1)
Recent
- Test
- 26QB Challan
- Cash amount deposit in bank account as on dt:31-03-24
- branch statutory Audit
- Tax Liability on payment of Gratuity
- Using the work orders of another entity
- Capitalisation of Assets in case of housing society
- GSTR 9 ITC Reversal
- Reissue Refund of Closed Partnership Firm
- section 43B(h)
- TCS os sale of Fly Ash
- Limit of cash on hand sec 44ad person
- STATUTORY AUDIT
- Long term capital gain
- Un secured loans hug amount sec 68 provision applicable
- Resume Upload
- Cash balance increased options
- FOREX FFMC GSTR-1
- missing turnover show in next quater or drc-03 pay correct procedure
- Banking
- Gift transactions from relatives allowed different dates
- TALLY EXCEL IMPORT
- Income Tax
- Empanelment ewnewal fees
- Tax Audit in case of Pvt. Ltd. Company
- ITC from ISD wrongly reflecting in System generated annual GSTR 3B
- Pf and esi subscription amounts late payments claim eligible and provision compulsory
- GST Applicability
- Loans credit and debit adjustment entry allowed in it act
- Tax audit or itr-3 filed f.y.22-23
- Gst returns nil filed cash deposit in bank account
- Cash limit question
- TDS
- Income from AIF Mutual Fund-Under Section-115UA & 115UB.
- Income Tax
- Audit
- audit
- Income Tax
- TDS on provision of audit fees
- Business loan from bank how much amount available
Q. > Please Help: DOMESTIC MONEY TRANSFER
Dear Sir,
I want to start new business of domestic money transfer via NEFT/RTGS.
I made planning to start this business in India using current account of my firm.
(For Example My client gives me cash of Rs. 10000 and than i deposit this amount to my current account and than i transfer Rs.10000 to beneficiary as suggest by my client (account to account transfer) I got Rs. 100 commission from my client by cash for providing this service.
Note: This all transfer will made within india (Only Domestic Transfer)
1) Whether any License require to take from any authority of india to start this business.??
2) Whether this is a legal business in india??
3) Whether i has to take permission from any authority to start this business??
4) Whether service tax applicable to this business??? If Yes than which service applied???
I will waiting to your good reply.
Thanking You….
Experts Panelist
Comments
Multilink
04-Feb-2013 , 07:35:22 pmSTART CASH TRANSFER MONEY TRANSFER BUSINESS POINT - PWD BY LEADING BANKS OF INDIA. WE PROVIDES ALL TYPES OF BUSINESS EXAMPLES:- TOURS AND TRAVELS, RECHARGES, UTILITIES BUSINESS. WITH LIFE LONG REGULAR INCOME. FOR MORE DETAILS CALL NOW MR. ALI - 9920044776