Service Tax on Wire Transfer

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  1. PariP

    PariP New Member

    I'm a freelancer and will be regularly receiving funds from overseas for my work through websites/clients. I wanted to know tax implications for the same. For example, if I get $1000 transferred via wire transfer to India, what will be the service tax percentage/amount. Also, will that be considered as a taxable income? What is the annual limit for it to be considered as taxable?
     
  2. ZED

    ZED Well-Known Member

    Service tax will not be applicable if the place of provisioning of service was outside India.
     
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