Independant consultant
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2014
Hi,
I recently took a job as independant consultant for a US based company and that company doesn't have office in India. So its like one year contract as of now. How do i file my income tax now. Please guide me. They pay my salary in INR directly to my account.I was working with Wipro till Mar 2014.
I recently took a job as independant consultant for a US based company and that company doesn't have office in India. So its like one year contract as of now. How do i file my income tax now. Please guide me. They pay my salary in INR directly to my account.I was working with Wipro till Mar 2014.
Nikhil Kaushik
(Expert)
04 May 2014
you need to file ITR-4. it shall be taxable in India. if the receipts exceed Rs 25 lakhs, you shall be required to get your accounts audit under section 44AB of the income tax account. Plus you shall be required to maintain books of accounts under section 44AA.
I would suggest that you engage an accountant to ensure proper tax filings.
I would suggest that you engage an accountant to ensure proper tax filings.
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