Normally the following service provided by banks attracts service tax 1 Commission earned on BC Inland 2 Commission earned on Inland LC 3 Commission earned on service charge Personal loan 4 Commission earned on Govt business 5 Commission earned on others 6 Commission earned on Inland guarantee performance 7 Commission earned on OBC Cheques DD etc., 8 Commission earned on OBC Usance Bills 9 Exchange earned on Inland DD 10 Exchange earned on Bills purchase In land 11 Exchange earned on Banker’s cheque 12 Exchange earned on RTGS account 13 Exchange earned on NEFT 14 Postage Telegram Telex Expense Recovered 15 Incidental Charges 16 Inspection Charges 17 ATM Usage charges 18 Misc Income Stationary Charges
Coming to TDS part a. Any legal fees paid to the advocates to take legal opinions. b. Internal / concurrent audit fees. c. any other professional services received by the banks.