Inward remittance from us uk
This query is : Resolved
04 September 2016
I am a freelancer IT engineer and a citizen of india residing in india. I had deliverd some online lectures to some of the US students from india. Now they want to pay me for my lectures and want more lectures on IT for which they are ready to pay. Should i direct them to transfer money to my normal saving account in SBI/ICICI or should i open a new account. they will be paying me 3000-5000 USD per month for 50 lectures i.e USD 100 per lecture but they will be paying lecturewise not monthwise So what i will be getting is usd 100 or 50 , but frequently in a month. pls also tell me the tax implications here in india ?
Prakash, new delhi
Prakash, new delhi
05 September 2016
Hi Prakash,
Good Luck for your Freelancing services!!
I don't think separate account opening will make any difference to your tax Liability.
Yes, this will be taxable as your professional income with Slab Rate.
Thanks
Good Luck for your Freelancing services!!
I don't think separate account opening will make any difference to your tax Liability.
Yes, this will be taxable as your professional income with Slab Rate.
Thanks
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
