Online subscription based service

Tax queries 612 views 3 replies

sanjiv

own

25 Points Joined December 2011

Hi everyone

I really do not know whats going to happen but if the professionals here can shred some light on this matter would of great help.

i am providing a online based service which had a optional voluntery subscripttion for a month and also recurring after that. the service is like a daily based letter(not news) kind of service. people from different countries have subscribed to the service and i have recived payments through payal and transfered them to my bank account.

after providing this service for a few months, i fail to understand under what category of service thus this fall in? under what section do i pay income tax? i have been worried as this service has provided a lot of me. if the Pro's here can tell me something that would be of great help.

Replies (3)

RUPESH CHOUDHURY

Student

484 Points Joined May 2008

Dear Mr.Sanjiv,

1.Please give more clear information about your nature of business.

2.I guess the Service may come under the ambit Section 65 (105) (zh).For info about the Taxable Service please refer the attached file:

/editor_upload/943361368online-info-db-access.pdf

3.And for I-T purposes,the normal provisions will only apply,still please ask some specific query.

Finally I'd like to advise you to go to a Practicing CA for expert help.

sanjiv

own

25 Points Joined December 2011

hi, thank you for the reply. to be more specific the service i am providing deals with general topics in life lessons, some experiences in life and how to go about things etc. they are sent daily to people and some people subscribe to the service for x amount volunterly.

i have consulted some local CA's and they seem to have no idea about what i am talking or doing. thats why i came to the professionals here.