Unguaranteed Prophecies & Guaranteed Ramblings

For freelance developers/contractors/consultants,

If you work as an Information Technology Professional and offer your Services to an Indian Company then it is subject to 12.36% Service Tax [as per Section 65(105)(zzzze) of the Finance Act, 1994]. On the other hand if you offer your Services to a Foreign Company then you are exempt from paying Service [...]

The taxation rules in major Democracies are designed in such a way to promote Consumerism and Conformity. In other words they (read: Governments) don’t want people like Noam Chomskys (read: intellectuals).

OK Folks. If you are a registered PAN card holder and would like to view Tax Credit against your PAN number, you can actually sign up for the “NSDL’s view tax credit online feature” using Form 26AS. After successful registration, take a print out of the form and walk to the nearest TIN facilitator in [...]