r2i forum

Do we need to do "serivce tax registration" eventhough it is exempt since income is earned in USD ?

[INDENT]member id : subbu2007
year of return : Dec 2011
area in hyderabad : Nallagandla, Gachibowli[/INDENT]

Does [B]Section 44AD[/B] apply to an [B]independent IT contractor/consultant [/B]so that one does not have to maintain books of accounts if annual gross receipts is less than 60 Lacs ?

Section 44 AD is about [B]not maintaining books of accounts for qualified businesses if annual gross reeipt is less than 60 lacs, please see below link: [/B][URL]http://taxmantra.com/ereturns/other/presumptive-taxation-44ad-ay-201112.html[/URL] I am not sure if an independent IT Consultant qualifies ...

I am an independent IT Contractor (Indian citizen) providing IT Consulting services to a US company. Payment is made directly to my Indian savings account in USD, so i know i am service tax exempt since my services are used outside of India. Do i qualify under Section 44 AD of Indian Tax so that i ...