Income tax benefits for export of service

assessee proprietor ( not registered under any act not eligible for GST for the year) providing recruitment services to a company in Canada and receives payment of fees and commision in dollars which gets credited to his account in INR

is he eligible for tax benefits due to nature of business or he will have to compute profits in general like an Indian business entity and pay tax.

No TDS is deducted in this case
Replies (4)
Quick Summary
This discussion clarifies that there are generally no specific income tax benefits for the export of services like recruitment, even when paid in foreign currency. While interest earned on a foreign currency account may be exempt, the proprietor must compute profits and pay tax like any other Indian business entity. It's also noted that GST registration might be mandatory if any income originates from outside your state, regardless of other tax benefits.

There is no export benefit under Income Tax Act for the above nature of services. You will be needed to compute profits in general like an Indian business entity and pay tax accordingly.

No tax benefit.
but interest in foreign currency account is exempt
Thank you all

As others have mentioned, there are no benefits or incentives, beyond what is available to anyone else.

However, regardless of overall income, even if one paisa of your income is from outside of your state, then GST registration and return filing is mandatory.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details