Dear Sir,
We are asking a query from your side, so please guide me, we are received fund Rs. 10000/- from foreign Country for tour package and paymnt received through online payment, then our bank deducted 2 % bank charges on rs . 10000/-, so, 200/- after deduction bank is credit our account with 9800/-.
So, what is taxable income in service tax Case. whitch is basic income after deduction of service tax
Thanking You
With Regards
Sandeep Kumar gupta
Student ( 9716024871)
Income would be Rs.10,000 and Rs.200 would be accounted as bank charges (under expenses)
Dear Poornima,
Thanks for your reply, tell me what is basic taxable value which is applicable service tax.
It would be 10,000 in this case
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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