Tax calulation for freelance work

Tax planning 880 views 1 replies
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none
29 Points Joined March 2012

Hi CA Club members,

I have a very basic query related to tax submission. I have to work as a freelancer and get paid directly through the Account of UK based Pvt.Ltd. software company to my savings account in India and I am a resident of India.

I got few queries related to the above mentioned scenario:

1. Is is OK to get paid directly from an UK based Software Company to my Indian Savings Account?

2. If it's fine, how Can I pay Tax ? I got my PAN card.

Thanks in advance for all the responses from expert CAs available on this forum system.

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On 27 March 2012 at 11:43 Report
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ca
37 Points Joined July 2011

mr.bagwat chouhan,

we have to pay the income tax on income accural or arais in india ,

so according to this method u have to pay the tax under income from salaries,

income from u.k r u.s watever need not worry is the income from salaries r not dat nly u have to remember k

 

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On 28 March 2012 at 12:39


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