Taxable profit
This query is : Resolved
02 March 2017
Sir,
My friend has developed some applications and are downloaded by users from Google Play. The applications were developed with the intention that the income will be the income of my friend but for which no written document was created. The name of developer in the application is son of my friend. The income by way of advertisement is coming from Google in foreign currency converted to INR in the joint account of my friend and his son. The son is the primary account holder. My query in this regard are:
1. Whether the income so received be considered as income of my friend?
2. Whether any written document is required in this regard?
3. Whether the income so received attracts Service Tax?
My friend has developed some applications and are downloaded by users from Google Play. The applications were developed with the intention that the income will be the income of my friend but for which no written document was created. The name of developer in the application is son of my friend. The income by way of advertisement is coming from Google in foreign currency converted to INR in the joint account of my friend and his son. The son is the primary account holder. My query in this regard are:
1. Whether the income so received be considered as income of my friend?
2. Whether any written document is required in this regard?
3. Whether the income so received attracts Service Tax?
02 March 2017
1 The income will be considered as son's income in view of developer name mentioned in the application and payment is made to him.
2 No document required.
3 It will fall under export of service and no service tax applicable.
2 No document required.
3 It will fall under export of service and no service tax applicable.
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