Help with tax for contract with international company

299 views 3 replies

Hi

I am a software professional, I have started to work for an international organisation since sometime, my income may be around 35 lakh.

I would like to know what options do I have for tax saving, what legal documents do I need for doing the job.

Am I eligible for an IEC certificate and an EEFC account, if so would getting those help me in any way?

Replies (3)
If you are salaried employee,then no need of IEC or EEFC account. If you are engaged in professional capacity, you will be required to obtain IEC,GST. EEFC account is optional in both cases.

The company has no physical presence in India, so they cannot employ me thus the job technically is a contract on paper.

What tax benefits can I get working as a contractor for foreign company?

Can IEC and GST be applied online?

IEC AND GST can be applied online.
Proper PROFESSIONAL contract would be necessary so that the GST converts your inward remittance of foreign currency into INR.
There are No Direct Tax benefits as a contractor however tax planning can be done.

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