Sir,
If I develop software for foreign company, what will be liabilities of Tax. Do I need to register a company or can be on personal name ? Thanks
MAP
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Tax for sotware
Replies (5)
Quick Summary
You dont need to register yourself in GST unless your sales cross 20 Lakhs.
Thanks a lot Ruchika, but what about Income received ? Will it be clubbed with ?
| Originally posted by : Ruchika Somani | ||
 |
You dont need to register yourself in GST unless your sales cross 20 Lakhs. |  |
Even if a single paisa of professional / business income comes from outside your state, GST registration is needed.
Oh and to answer the rest of the query:
You don't need any additional registration for tax purposes; it's not a new entity, but just you earning an income from an additional source
All your income ultimately is combined in your tax return anyway. And almost everyone derives incomes from more than one source (eg salary + interest + dividend + capital gains etc etc). Do you should list what you get from this foreign company under professional income.
Thanks for your your guidance.
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