Date: 2008-08-04 11:08:56
Query : in credit card they charged service tax in every month but I want to know that is it on what amount they charged ? and if charged on installment amount or on installment amount plus interest amount.
-------------------------------------------------------------------------------------------------------
Date: 2008-08-05 11:47:52
Message:
The service tax is charged on the interest amount.
You can read about all the aspects of a credit card at http://www.deal4loans.com/Contents_Credit_Card.php
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
-------------------------------------------------------------------------------------------------------
City : Mumbai
Employment Status : Salaried
Annual Income : 500000
Type of Loan Running : Yes
Loan Running : hl, pl,
EMI Amount : 11825
Tenure : 120
ROI Loan : Yes
EMI Paid : more than 12 months
Credit Card Holder : Yes
Amount Due : 24250
Loan Running on Credit Card : No
Residential Status : owned
Vehicle Owned :