Taxation and others
This query is : Resolved
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!
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!
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
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
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
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
