[Ilugc] [OT] Filing taxes for freelancing work
- From: madanus@xxxxxxxxx (Madan U Sreenivasan)
- Date: Thu, 6 Mar 2014 11:21:53 +0530
On Thu, Mar 6, 2014 at 9:38 AM, Manokaran K <manokaran at gmail.com> wrote:
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:
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 :-)
No second opinion - I think this is absolutely right. The thumb rule is
"Tax services and not exports". I do this too - my indian customers have to
pay an ST, while my foreign customers dont have to. I still bill in INR,
but the origin account is a non-INR.
More importantly, the service has to qualify as 'export' - so, pl. ask
your auditor whether your service qualifies.
Regards,
Madan
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