I am a technical consultant rendering servies for few foreign as well as indian companies. How will my overseas income taxed? Am i suppose to pay service tax apart from TDS for my income from indian companies?
Menu
Consultant income
Replies (3)
Yes, you are supposed to pay service tax on services rendered to Indian companies and not for your services rendered to international clients! Your overseas income will form part of your profits and gains from business and profession. Taxed as per slab rate!
service for international clients exempt from service tax as export of service rules with certain condition
but for domestic clients you have to charge service tax with if it is exceeds basic exemtion limit upto 10 laks
Agree With Valji...........................
Recent Threads
- ITC Inter head difference between GSTR2A and 3B
- Form 10IEA for re-entering new regime
- ITR Utility is awful
- Sale value - sale deed or AIS
- Deductions under Schedule EI
- Income under section 194R
- Schedule FA A3 csv Example
- RCM ITC reported in Table 4(4) instead of 4(3) in
- TDS on sale of property where consideration is Rs.
- Treatment of intraday profit and fno loss in,ITR
Related Threads
CAclubindia
