hereby clarified that a “coin” does not include the credit card, debit card, postal order and e-money issued by any bank, post office
services through internet is in the taxable territory; (b) the credit card or debit card or store value card or charge card or smart card
facts are that the Assessing Officer has received AIR
information on credit card transactions and the Assessee was requested to
reconcile the data with ... there was some mismatch. It
was found that AIR data showed credit card transactions amounting to
Rs.5,34,631/- through American Express Banking Corporation
credit institution, by way of loans, advances, hire purchase, leasing facility, letter of credit, guarantee facility, venture capital assistance or by way of credit cards ... engaged in the business of credit cards and other similar cards and companies dealing with distribution of credit in any other manner; (vii) any other
providing facility of sales TDS u/s. 194H
through „credit cards‟
2 Short deduction of tax at Short deduction ... under:-
(A). TDS on commission paid to bank for 'Credit Card' sales facility:-
The CIT(A) taking support from the order passed
erred in holding that the amount retained by a bank/credit card agency out
of the sale consideration of the tickets booked through credit cards ... erred in holding that a bank/credit card agency is not an agent of the
assessee and thereby clearly ignoring the fact that
hands of the
appellant u/s 17(2)(iv) pertaining to credit card expenses. The
appellant prays that the action ... stated that credit card companies do not issue cards in the
name of corporate entities hence even for business expenses,
credit cards have
addition of Rs. 34,28,313/-
which was debit and credit entries in credit cards used by the assessee.
2. The assessee is engaged ... matrix of the case and also applicable legal position. From the credit
card statement, it is also noted that assessee has made purchases of
various
penalty, late fee or any other amount, on the common portal for crediting the amount deposited and debiting the payment therefrom towards tax, interest, penalty ... following modes, namely:- (i) Internet Banking through authorised banks; (ii) Credit card or Debit card through the authorised bank; (iii) National Electronic Fund Transfer
courier service organisation, engaged in the business of delivery of credit card consignments, made a complaint to the Commissioner of Police, Egmore, stating that ... April 2009, their Nungambakkam Branch had received an add-on credit card from ABN Amro Bank and the same was delivered