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Consulting to usa - tax filing in india

Efiling 452 views 2 replies

akshay

Manager

20 Points Joined 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.

Replies (2)

CA. CS. Khushboo Dodhia Vora

Practicing Charatered Accountant

125 Points Joined October 2010

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.