Menu
Applicable tax for software startup
Hi all. Me along with 4 of my friends started a Software Development company as Partnership firm. We all are employed in different companies and is working as part time here. We got a client from aboard and is billing approx 2000 USD per month. Please advice how we can manage our income and tax. I have heard there is no tax if we bring in foreign currency. We have only client abroad and is being paid as USD. We are based in Kerala. Please advice.
Replies (1)
The provision you are siting may be Sec. 10AA. In such case, you are exempted from the profits proportionate to the export sales. However you must be doing such business in a Special Economic Zone. Otherwise, it will not be applicable.
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
