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?
Amol S Joglekar
(Expert)
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
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
Amol S Joglekar
(Expert)
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.
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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