Hi All, I am a software engineer working for a US based company and providing my software services to them. At the end of the month, I raise invoice(for the hrs I worked) for X amount of USD and that converted to INR comes to my bank account. There is no PF deduction nothing. Please guide how I can file income tax return for this. Thanks in advance.
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Tax Related Query for Contracter
Replies (1)
This is income from business and Profession.
It's profession. Gain on foreign exchange fluctuation is there. If you a resident indian and satisfy any of the conditions of Sec 6 (1).Then income is taxable in India.Select ITR 2.
It's profession. Gain on foreign exchange fluctuation is there. If you a resident indian and satisfy any of the conditions of Sec 6 (1).Then income is taxable in India.Select ITR 2.
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