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Provision of software as a service (SAAS)
There are many companies which operate on providing Software as a Service (SAAS) model. Service tax would be applicable on services provided by such companies. The seller will have to pay income tax on the income from the sale of software, which will be calculated after deducting all his business costs and expenses as per the Income Tax Act.

Note: Export of software or software related services is exempt from service tax.

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