I am a grocery shop owner people come at my shop and ask to swap credit card and give them cash. And I charge them say 6% for doing this.
Foe example one swap credit card for rs.5000 i pay him rs.4700 and i get 300 rs as my income.

My queries are:
1) Is this is legal??
2) What tax I need to pay? Need to pay on swapped amount(5000) or the amount which I earn(300)?

Please let me know ASAP.
Thanks in advance for your valuable suggestions.

how can I get PAN no. if I don't
date of birth??

SIR MENE B.COM COMPLETE KAR LI HE & AB IPCC EXAM DENA CHAHTA HU BUT MUJE PAHLE 9 MONTH ARTICALSHIP KARNI HE TO SIR PLZ SUGGEST KI ME PAHLE TRAINING KARKE COCHING START KARU YA COCHING COMPLETE KARKE USKE BAD TRAINING KRKE EXAM DU, OR ME DONO SATH BHI NAHI KAR SKTA HU KYOKI PADAI DISTURB HOGI TO SIR PLZ SUGGEST ME KI ME KYA KARU

Am in my first year of article ship, i want to take a transfer. Please can some tell me the whole transfer procedure like which form should i fill. within how many days i have to submit the form? and i already got new firm so again which form should i fill for article ship and time limit?

Thanks in advances

i file the tds return then after know the wrong pan number of deductee sumbited...how to rectify the mistake and can i revised return submit????

WHAT IS MEANING OF FOLLOWING SENTENCES

" TO CHECK SYSTEM OF ACCOUNTING "

Hello


One of our client is owning a bunglow registered in his name. The bunglow used to have ground Floor Only. Recently a new first floor was constructed by the client taking a loan of Rs 1200000 on the property. Now the Client is living on the first floor.


Now my question is can the client sale/gift only the ground floor to its HUF?


If yes , then what will be the tax implications in case of

a) Sale
b) Gift


and whether the client can continue to claim interest deduction in house property as first floor is self occupied?


Thanks

The assessee has filed the TDS return in time. After 1 month of filing the TDS return he comes to know that he has forgotten to cut the TDS on interest on Loans taken. Can he cut the TDS and revise the return? What are the penalties if he can revise the said return?

WHAT IS MEANING OF FOLLOWING SENTENCES

INCOME EARNED IN A PREVIOUS YEAR IS CHARGEABLE TO TAX IN THE ASSESSMENT TEAR

If Amit takes loan from Gaurav by signing a loan contract for a tenure of 10 years with at interest rate of 2% per annum. Principal payment to start after 5 years, till then only interest part to be paid. Will Amit become liable for any type of tax? And will gaurav needs to pay any tax on interest earned? Loan amount would be minimum 4 crores rupees.