[Ilugc] [OT] Filing taxes for freelancing work
- From: manokaran@xxxxxxxxx (Manokaran K)
- Date: Thu, 6 Mar 2014 09:38:01 +0530
On Thu, Mar 6, 2014 at 7:41 AM, Venkatraman S <venkat83 at gmail.com> wrote:
On Wed, Mar 5, 2014 at 10:37 PM, Manokaran K <manokaran at gmail.com> wrote:
If your billing is in INR and if it exceeds 10 lakhs per annum, then you
have to register for and pay service tax. Not necessary if its in forex.
Not sure what you mean by the last line. So if you received in forex, then
no need of ST?
Apparently, yes. If you are a registered company and want to have the
service tax on forex earnings waived, you have to get some exporter code or
something. But if you are an individual then nothing needs to be done. At
least thats what my auditor tells me! Would like to hear a second opinion
on this :-)
Thanks,
mano
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