Hello All,
I desperately need your help in understanding my tax liabilities.
I work for a US company as a contract which started last month. It's a direct contract and no any other agencies are in between us. The payment will be paid through wire transfer. Before this contract, I've been working as a full-time employee and paid my tax till Sep 2016.
Question:
1. Should I file my ITR along with my contract revenue details?
2. What should I do to register myself as an individual contract, should I fill any form and upload to the Income tax site right away?
3. Should I pay 15% service tax on my revenue? Or only on revenue-expences?
Thanks for helping me!
Amjath