guide India Tax: Do we need to mention and pay tax when efiling taxes in India for the domain sales happen

[Sumeeth]

This question is particularly for Indian domain investors who have been doing Domaining and paying taxes for domains sold. .. It helps the other new domain investors from India .

Do we need to mention and pay tax when efiling taxes in India for the domain sales happened via PayPal from guy of different country?

Please guide!

 

[Chandra sekhar]

Taxable under income from business or profession. Contact a CA for better guidance.

 

[Pradip Nichite]

Hi @Sumeeth got the answer? I have seen multiple threads on namepros about the same but none of them have the answer.

 

[Sumeeth]

Hi @Sumeeth got the answer? I have seen multiple threads on namepros about the same but none of them have the answer.

NO, Not yet

 

[comRaid]

I am also looking for anwers. Here only income tax is involved or do we need to pay GST also? I am no expert in this. Was just trying to google out answers. Somebody with accounting background/experience as Indian domainer, may advice me.
https://www.taxscan.in/sale-domain-name-amount-sale-goods-service-tax-leviable-cestat/37743/
https://taxguru.in/wp-content/uploa...-Commissioner-of-Service-Tax-CESTAT-Delhi.pdf
Points:
"The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that no service tax can be levied on the sale of the domain name as it amounts to the sale of goods."
"The domain name is akin to the trademark, making them the property of the person who owns it."
Now if domains are goods, somebody selling it from India to somebody outside India might be treated as Export (??) . If that is the case, you are exempted from GST if you follow do procedure.

 

[Donmarick]

How much tax do You pay in India ;D?

 

[ceorahuljain]

Anyone please guide

 

[comRaid]

Compiled links on this topic:
https://vny.in/general/tax-complian...rvice-providers-and-online-entrepreneurs.html
Thank you @Sumeeth for this one.

https://www.linkedin.com/pulse/gst-indian-freelancers-enforcement-compliance-alliancetaxexperts/

https://taxguru.in/service-tax/sale-domain-name-sale-goods-service-tax-not-payable.html

https://www.caclubindia.com/forum/c...d-its-taxation-under-section-44ad--501197.asp

https://www.caclubindia.com/forum/income-tax-service-tax-on-com-domain-sale-198830.asp
https://www.caclubindia.com/experts...gularization-of-inward-remittance-2742254.asp
https://www.caclubindia.com/experts...ase-of-domain-name-to-non-resident-785370.asp