How to report Export Income to Govt?

Share
Share This Thread
  1. Ari DamanPaul Garg

    Ari DamanPaul Garg New Member

    We are a Start Up Company, 100% export - software/ support services to one US based Inc. which is our associate. US Inc collects revenue form the clients and reimburse us our expenses + profit.
    We do not have any other client. All proceeds are received in our Bank account in Foreign Currency against invoices raise by us; no bank finance, shipping, custom, excise etc. involved.
    DO WE HAVE TO REPORT TO ANY ONE ABOUT THE EXPORT INCOME AND ARE WE ENTITLED FOR ANY TAX RELIEF/ INCENTIVE.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Dear Sir

    I'm Karan and I'm the founder of this website. I've tried to answer all your queries and here is my response
    1. You would be required to pay Income Tax on such Export Income
    2. No Service Tax would be levied
    3. The govt has also started giving 3 to 5% incentive to all software exporters.
    In case of any query, feel free to write to me at [email protected]
     
  3. Ari DamanPaul Garg

    Ari DamanPaul Garg New Member

    Thank you very much.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
is it mandatory to adopt the Specimen Board’s Report for Small Companies? Misc. Sep 21, 2015
Company Secretary Compliance Report - 66B Misc. Sep 11, 2015
Format for Audit Report F.Y 2014-15 Misc. Jun 9, 2015
can statutory audit report be revised? Misc. Jun 3, 2015
WHAT ARE THE THINGs TO PREPARE TO FILE LLP ANNUAL REPORTS Misc. May 19, 2015