Foreign Earnings
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2010
We are providing consultancy services. We have awarded a job in canada. My questions are:
1. Service Tax is applicable at the time of billing to foreign client.
2. Accounting Enteries.
3. Tax Liabilites.
4. Any Mandatory Form(s) to be submitted to any relevant authority like RBI, Income Tax etc.
Please Help Me.
Thanks,
ARUN
1. Service Tax is applicable at the time of billing to foreign client.
2. Accounting Enteries.
3. Tax Liabilites.
4. Any Mandatory Form(s) to be submitted to any relevant authority like RBI, Income Tax etc.
Please Help Me.
Thanks,
ARUN
21 October 2010
If money is being recived in convertile foreign exchange , No dervice tax.
Vendor a/c Dr.
To income A/c.
You have to pay income tax as business income.
Regarding RBI - No idea.
Vendor a/c Dr.
To income A/c.
You have to pay income tax as business income.
Regarding RBI - No idea.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
