Taxation and others

This query is : Resolved

S.Thiyagaraja (Querist)
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22 January 2013 Sir,

I have a friend in USA who is a Income Tax Practitioner there. He wants to outsource some of income tax works to me. He would scan the necessary documents and send to me through e-mail. In India, I have to work out on his documents as per American Income Tax Laws and send back to him through e-mail. For the services rendered by me, he would send the professional fees to me. My queries are as follows:

1)Should I collect service tax for my services to him?

2) Should I get registered with any legal authority?

3) Should i open a separate bank account for receiving fees from his?

4) Will I receive fees in US dollars or Indian Rupees?

5) In case if he deducts tax at source as per American Income Tax Laws, can I claim the same in India?

6)is it enough to raise my professional bill through e-mail? or send him physical printout?

7) Are there any procedures in FEMA?

Thank You!

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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24 January 2013 1. No
2. No unless you want to have some benifits.
3. No.
4. You can do in both currencies.
5. TDS shall not be applicable.
6. Mail should be good
7. No

Anuj
femaquery@gmail.com

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