Please Help: DOMESTIC MONEY TRANSFER
Posted Date : 31-May-2012 , 03:42:18 pm | Posted By: HARESH RAJPARA
Category :
Finance | Answers :
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Comments :
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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….
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| Posted By : Multilink |
04-Feb-2013, 07:35:22 |
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