Kunnu (Owner at Dewlance.com Hosting) (105 Points)
17 May 2011Hi,
I am providing a web hosting services to non Indian clients, they pay money in USD and when I withdraw money then I get a money in INR.
Somewhere I read that "web developement and hosting not taxable"
- Its true?
Please clear my doughts.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 17 May 2011
your services so tendered are taxable services under service tax,
such income is business income, and taxable under "profit and gains of business and profession"
you have to obtain importer exporter code no from DGFT to get the remittences legalized.
Kunnu
(Owner at Dewlance.com Hosting)
(105 Points)
Replied 17 May 2011
Thanks,
But my business is not registered, how can I get IE code(My business is not registered) and in a form they're asking for branch
I manage this site from my home.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
Your services are exempt within the export of services.
Secondly, you need to register your business and also get all the requisite license like I.E. code. It will be beneficial for your business growth.
Kunnu
(Owner at Dewlance.com Hosting)
(105 Points)
Replied 17 May 2011
sorry,
I am providing only Web Hosting services,
I can't found "Web Hosting" Service in TAX list: https://www.charteredaccountantdelhi.com/service-tax.html
Please help me :/
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 17 May 2011
your service is under "information technology"
and receipt of foreign exchange comes under FEMA, and to get it regularized IE code is needed
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