Taxes on foreign income


This query is : Resolved 

06 November 2016 hi, new for this forum, iam receiving amount from foreign country for my work through my local bank, service tax or any tax applicable?

07 November 2016 If you are "resident and ordinarily resident", your income (net of expenses) is taxable under income tax.
What sort of service you are giving? Please specify so that it can be decided whether you fall under service tax or not

07 November 2016 iam applications developer in that application there is an advertising view, if my customers saw that advertisements I'll receive amount from my advertising agency as u

07 November 2016 from advertising agency as US Dollars

07 November 2016 it is taxable income.
Under service tax, application developement is a SERVICE. Since you are giving your service outside India, it is NOT taxable under service tax.


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