Income from out side india

419 views
User Avatar

Chartered Accountants
75 Points Posted on 01 May 2019

Hello Sir/Madam,

I have a client who manages his business from India. Purchasing goods from china and selling directly in us market. no import or export in India. Only payment received or paid in India through Pay Pal. Now I want to know how his income is taxable in India.

Thanks

0 Reply Share Follow
On 01 May 2019 at 07:24 Report
Replies (6)
User Avatar

3924 Points Posted on 01 May 2019
please refer CGST Amendment act 2018 ,Amendment in Schedule III , Supply of Goods from a place in the non taxable territory to another non taxable territory shall be treated nither supply of goods nor services

please confirm with others also .
1 Reply
On 01 May 2019 at 07:40
User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 01 May 2019
Bcoz, He is in India.
Reply
On 01 May 2019 at 08:11
User Avatar

12244 Points Posted on 01 May 2019
in my opinion, it's taxable bcoz he is a resident and hence his global income is chargeable to tax
Reply
On 01 May 2019 at 11:30
User Avatar

Chartered Accountants
75 Points Posted on 01 May 2019

You are right sir, GST is not applicable on this transaction but what about income tax.

Reply
On 01 May 2019 at 12:32
User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 01 May 2019
Yes.... Income Tax is chargeable for income received in India.
Reply
On 01 May 2019 at 12:55
User Avatar

Partner at N. Gamadia & Co.
363 Points Posted on 09 May 2019

The difference  of sale and purchase is chargeable to tax in India based on the amount received in India. 

Reply
On 09 May 2019 at 14:22

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Discuss and Download CA Inter Question Paper Septe
  2. Hi experts needed some help
  3. Gift of Immovable Property u/s 92 of Income Tax Ac
  4. NSE BSE Pre-open session changes from 7 September
  5. Financial statements for non corporate entities
  6. Hi experts need some help
  7. Is SAP FICO a good career option for finance and a
  8. Direct Cost booking
  9. TDS on Property Purchase Paid
  10. Cash Purchase Above ₹10,000, ITR/40A(3) Trea

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details