CAN THE LOSS IN CURRENCY TRADING IN UNITED STOCK EXCHANGE BE ADJUSTED WITH BUSINESS INCOME.
Archive for the ‘Query’ Category
Dear Sir My brother doing consulting work to company – type service is 1. Procurement of purchase order 2. Handling delivery of goods 3. following up for payment 4. Customer support work. But he will get fixed amount of fee for above service. For income tax purpose – Is it Business income or profession income. [...]
Sir, We are in export business. We are exporting to Sri Lanka, Turkey & Phillipines. We have to pay commission to agents in these countries. I want to know wheather service tax is applicable on commission remitted outside india or not. If not then under which section we are exempted and if service tax is [...]