Hello!
I earned foreign currency equal to $10000 in 2015-16 from different countries. Which income tax form number should I fill? Is the income taxable or not. I take orders for writing tasks. I am not a registered company nor a proprietor. I do business online and have hired writers from abroad. I pay them through credit card. I have a website. Are there any incentives for me?
Thank you!
No it is fully taxable. ITR -4 to be filed.
In respect of online payments to writers you need to deduct TDS u/s 195 of the Income Tax Act 1961 and you need to upload form No 15CA/15CB as applicable.If TDS not deducted , such expenses are disallowable u/s 40(a)(i) of the Income Tax Act 1961
No it is fully taxable. ITR -4 to be filed.
In respect of online payments to writers you need to deduct TDS u/s 195 of the Income Tax Act 1961 and you need to upload form No 15CA/15CB as applicable.If TDS not deducted , such expenses are disallowable u/s 40(a)(i) of the Income Tax Act 1961
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