|
|
| *Loan,banking and credit>>>tax software |
What type of taxes are applicable in delhi for a software development firm dealing with Indian Army? |
plz let me also know what type of registrations are required and from where The activity of Software development is not liable to service tax as it is not covered in the list of taxable services notified under Service Tax on the link below: http://www.allindiantaxes.com/service-ta... Further , as far as liability to VAt is concerned it is a debatable issue and depends on the facts of the case.In case of TCS 2004-AIT-01-SC the Supreme Court has held that software is goods can be liable to sales tax.However,VAT is not being paid by software developers. Further, if you have any profit from business; it can be liable to income tax if your taxable income is above exemption limit. Source(s): www.allindiantaxes.com Since the firm will be selling to Indian customers, all applicable taxes on any software product will apply to its products. Only STPs / EOUs get tax benefits. |
| Tags |
| tax refund tax relief tax return tax revenue tax services tax software tax table tax tips tax year income tax |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |