Dear team,
I want to know what are the tax implications on salary received from a foreign company based in uk who doesn't yet have a branch in india. If i take up the job, they will transfer.monthly salary payments in inr to my indian savings bank account.. How is this treated , how do I file taxes under which itr and section.. Can i take file this as under "presumptive income" category. Please for your insights and guidance
Thank you mam for your response, there won't be any form 16 given to me.. They will only send remittance every month with no tds at their end (in uk) .. Will it still be itr 1 ? .. Mam also can you tell if presumptive income is applicable for such situation or not, so that tax can be saved
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