Tax questions on Service Tax

Tds on house rent

Dear associates, I have a question on tds on house rent. I am operating a business (training institute, total revenue is less than 1.5 lakhs) in Bangalore, Karnataka. I am paying rent 15000 for the building where I am operating my business. The building owner said that I have to pay 18% tax along with monthly rental, so the total amount is Rs.15000 + Rs.2700. Out of 18%, he asked me to keep 1...

tds

I am a NRI and have bought an under construction apartment for the total cost of around Rs. 51 lakhs from a builder in 2014. I have paid multiple installments since 2014 without deducting TDS. Total amount of installments paid up till now is Rs 48 lakhs. The apartment is almost ready for possession and I am about to make the final payment and want to deduct the TDS now. I have the following que...

5 Year old service tax no but never filed return !

i obtained my service tax no on 26/04/2013. it started a courier company and i did ran it for just above one year and due to low response i went abroad for job in nov 2014 and been there till now. now someone told me that i have to surrender my service tax code along with penalty for non filing returns. my overall turnover was even less than 70,000 for the entire time on my current account. ...

Taxes applicable on Online Services

Dear Team, I wish to start an online portal (in India) wherein service providers and service seekers (collectively "portal users") shall post their needs and the portal shall match the requirements, showing contact details of the interested parties. So basically, I am only providing a platform to connect the actual service provider with service seeker and vice versa; by charging them a nomin...

Is service tax payable for development service to foreign clients

Hello, I work as freelance webdeveloper working from Home and I have all my clients outside India. Basically there are two different types of work I perform: I use to sell my softwares on Australian Based Digital Marketplace named Envato (www.envato.com). My softwares are listed on Envato Marketplace and customers from all over the world download the application from that marketplace. ...

Service tax and miscellaneous

My father, a former PSU employee, a retired pensioner currently, wants to start domaining (buying and selling domain names).Here are some links regarding domaining for your reference: Link 1: http://www.sitepronews.com/2014/07/08/beginners-guide-successful-domaining/ Link 2: http://www.dnoai.com/ 1) From the initial research that I have done on the internet, it seems that domain name (withou...

Service Tax Exempt or not

I have a private limited company and my turnover is around Rs. 24 L annually. My 80% of this income is derived from websites like elance and odesk, where I bid for projects. Payment received through PayPal, clients pay in USD, PayPal deposits in my bank after converting into Rupees through CitiBank NEFT. In PayPal it shows both these transactions clearly, what client paid in USD and what they t...

Service tax to NRI for services provided outside India

Dear team, Requesting for your guidance here. I am Non-Resident Indian. I have booked tour with Indian tour company and I have requested for their services outside India. i.e. I am taking their services in London and leaving their services in Rome without touching the ground of India. I understand, I am NRI and rendering services of Indian company outside India, in such case I am not ...

Applicability of Service Tax and VAT on resale of Property before

I am looking to purchase a apartment in Bangalore, Karnataka on a resale. There are 3 parties involved here. The original buyer, lets call this individual A. Me, the second buyer. Lets call me B. And the Builder of the apartment. Lets call them C. The first buyer, A, purchased it in the year 2012 and has got a sale agreement for the same. The entire money has gone to the builder from ...

Recovery of Service Tax from Life Insurance Agent's Commission

Sir....I have started working as Life Insurance Agent (LA) with Kotak Mahindra Old Mutual Life Insurance Ltd. since 14th June 2016. Kotak while making the payment of Commission, first Kotak have paid me the Service Tax Component (14+0.5+0.5%) on my Commmission earned with my Commision.The Income Tax @ 5% was deducted over the Gross Commission inclusive of Service Tax component & then Service Ta...