I am a web hosting provider and resell servers which I buy from foreign countries. All my clients are foreigners only and under section 10(7) there is an exemption from tax for this. My last month's income was about 2 lakhs and 17 thousand INR ($3100 USD) but still I received a PayPal invoice for tax which showed about 28 thousand rupees ($400 USD). Why is that so? And when filing tax how do I show this and I currently have a normal pan card not a business one as I started this reselling service alone so is there anything special I am required to do as the income will probably be more than 20 lakhs.
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