taxable or not
This query is : Resolved
Raghupathy M
(Querist)
21 March 2011
we are doing small business ie creating web designing to u s clients .and receving income in dollars. Is this in come is taxable in India if it is yes means pl in form the % of tax
Regards
Regards
Jainish shah
(Expert)
21 March 2011
It is taxable.
And at normal rates as applicable to ordinary citizens of India.
If your income exceeds Rs.160000 then you are liable to pay taxes and also file return of income to the IT department.
for more information, visit www.incometaxindia.gov
And at normal rates as applicable to ordinary citizens of India.
If your income exceeds Rs.160000 then you are liable to pay taxes and also file return of income to the IT department.
for more information, visit www.incometaxindia.gov
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CA.SHAHZAD SAYYED
(Expert)
21 March 2011
Dear Raghupati
since you are providing services from india so As per Income Tax this is called income acccrue and arise in India and u r liable to pay taxes accordingly, if web desighner is Individual Slab Rate will applicable in other cases you will have to pay taxes on Re 1 income. (see slab Rate for required period on Internet)
since you are providing services from india so As per Income Tax this is called income acccrue and arise in India and u r liable to pay taxes accordingly, if web desighner is Individual Slab Rate will applicable in other cases you will have to pay taxes on Re 1 income. (see slab Rate for required period on Internet)
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