I am rendering a service of selection and quality check in India for a US buyer who buys materials from different factories. I am going to get my commission remitted to my India account in USD. My questions -
1) What is Income Tax implication on this?
2) What is Service Tax implication on this
Ajay
There is no specific provision in income tax law related to your query, it will be treated at par with other sources of income and for service tax your liable to charge service tax consideration amount if your not claiming SSP exemption
There is no specific provision in income tax law related to your query, it will be treated at par with other sources of income and for service tax your liable to charge service tax on consideration amount if your not claiming SSP exemption
CCI
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CAclubindia
