Hi, I would like to know which tax is applicable on Domain name in INDIA. I know that for webspace service tax is applicanble but what about domain names.
Domain name is an intangible asset. As far as I know, there is no tax while buying. But if you sell it for a profit, either corporate tax or capital gains tax will apply, depending in the nature if your business. If your business primarily involves buying and selling domain names, then it would come under corporate tax but if your business is not primarily into buying and selling domains, then there will be no corporate tax but rather capital gains tax will apply on the gains incurred on selling the domain name.
Thanks for the info what if i am service provider who purchases domain credites and then sell domains to customers as per their choice