I recently joined a UK-based recruitment firm (no presence in India yet). I am the first employee, and I receive my monthly salary directly from the UK, so there are no deductions. How do I show my taxes if my salary is credited to my savings account? I am confused, please help.
From India, Bangalore
From India, Bangalore
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You have to show this income as Professional Fee. Pay your taxes directly to the Income Tax Department. You pay advance tax instead of TDS deducted by the employer.
You can claim expenses in this case as you are now a professional and receiving professional fees.
From India, Delhi
19You can claim expenses in this case as you are now a professional and receiving professional fees.
From India, Delhi
In addition to the above, if your salary/fee is more than Rs 10 lakhs in a year, then apply for service tax registration with the Indian Government and charge your recruitment firm 14% service tax on your bills. Deposit the service tax amount with the service tax department.
If you need any further suggestions, do let me know.
From India, Delhi
If you need any further suggestions, do let me know.
From India, Delhi
You are Consult a good Chartered accountant.He will do the needful.For More details Pls refer the link from this site - https://www.citehr.com/40040-tax-implecations-employee-foreign-firm.html
From India, Vadodara
From India, Vadodara
Hello Manjay Kumar Sharma,
I am not sure if service tax would come into the picture here. Based on what the initial posting says, all of the work is related to the UK without any Indian operations or activity.
Regards,
TS
From India, Hyderabad
I am not sure if service tax would come into the picture here. Based on what the initial posting says, all of the work is related to the UK without any Indian operations or activity.
Regards,
TS
From India, Hyderabad
Dear Abu,
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Thank you.
From India, Thane
We have an urgent vacancy for an Australian Placement Consultancy on a freelance basis.
Please email your resume to ankeshjainredalert@gmail.com with the subject "FREELANCE AUSTRALIA RECRUITER".
Looking forward to your reply.
Thank you.
From India, Thane
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