Taxability of foreign income received for Resident Indian in India

Tax planning 195 views 5 replies

Herra John

5 Points Joined February 2019

Hello there members,

I'm curious to know whether I will be able to shown my foreign income under 44AD.

I'm purely a Resident of India and my work is entirely WFM since from the inception of this work.

Let me briefly explain. I'm getting paid per hour basis for the services I render on the supply chain operations. We don't have any employment contract. Every month they pay me for the hours I've worked in USD. Also there is no TDS or tax being with held from my pay at their end.

Since there is no employer and employee relation here, can I consider myself as a freelancer and consider it under 44AD?

Replies (5)

sabyasachi mukherjee

27922 Points Joined May 2017

What's the quantum of income you earn?
Sec 44AD IS APPLICABLE IN THE FOLLOWING CASES if it is on presumptive basis .
has not claimed any deduction under sec 10A,10B,10AA.

Herra John

5 Points Joined February 2019

Hi Sabyasachi, Thanks for the reply.

The income would be somewhere between INR 14L to 18L per anum (FY).

And yeah I understand not claiming of the deductions (as specified u/44AD) thing. What bites me is that, whether I can opt for presumptive basis u/44AD or not for this kind of earning, since we don't have any employer and employee relation and they are paying me according to the hours I work as per my comfort (freelance).