Help with tax for contract with international company

331 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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details