Tax deduction by GOI against Google Adsense Revenue for Internet Advertisement & Trade Fair ServicesI just received a mail from my bank about the complete remittance transaction of Google to my account. For the first time, I found some amounts are deducted from Govt. of India against the Google's Adsense Revenues. The details are given here below:
Total amount received from Google: Rs. 8,123.90
FCY Service Tax: 35.00
FCY Swatch Bharat Cess: 1.25
FCY Krishi Kalyan Cess: 1.25
Total amount credited: 8086.40
I want to know what this terms FCY means. What is the percentage of Service Tax, Swatch Bharat Cess and Krishi Kalyan Cess as per Govt. of India norms? These taxes/cesses are deducted first time in this month. Do you've the same issue? Please educate us.