Rule from foreign income

To the best of my knowledge, any recruitment through Free lancer is not a employer-employee based recruitment and it is contract wise recruitment and as you said you are raising a Invoice bill to the service receiver for your services, you are regarded as service provider. From Income tax point of view, no specific tax benifits exists for you. Whether you are emplyee or individual service provider you can take repayment of housing loan as deduction u/s.80C up to maximum of Rs.1Lakh.

Hi,

1.Tax benefit available only when your income gets taxable in US as well and you recieve the certificate for the TDS.

2.Deductions you can claim is regarding investments under section 80C.

I guess you are prepairing your books of accounts.

3.In case your is a job and the relationship of employer employee exists then you will be taxed differently. You can claim the benefit of repayment of home loan.

For any further query PM or mail us.

anubhavjain @ ajhco.in

info @ ajhco.in