Consulting to usa - tax filing in india

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Manager
21 Points Posted on 26 March 2014

HI, I have started consulting from 2013 supporting US client and I am getting paid in Forex every week.

I want to know, how do I file my taxes and when. Does that include in the Normal Income slab? Or I heard the contractors need to pay 10% if the income generated.

Can anyone help me there.

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On 26 March 2014 at 01:40 Report
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Practicing Charatered Accountant
105 Points Posted on 26 March 2014
Consulting fees will be your gross receipts. You may get deduction of eligible expenses. and the net income would be taxable as per normal slab rates if you provide consultancy in individual capacity. 10% clause is for TDS which wont be applicable in your case.
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On 26 March 2014 at 10:37
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Head Of Department (Accounts & Finance)
1272 Points Posted on 26 March 2014
Also please take the benefit of DTAA in your case if you have paid taxes on income earned in usa. Regards
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On 26 March 2014 at 10:50

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