Tagged Questions
3
votes
3answers
57 views
Will I have to pay taxes in India when I transfer money from a US bank to an Indian savings account?
I am currently in US, and would like to transfer some amount from my US Bank account to a savings account based in India on a monthly basis through a third party like Xoom or Transfast.
If I'm going ...
3
votes
2answers
49 views
Tax questions - Working from India for US company
I am working from India for a US company and as per my knowledge I am not liable to pay any tax to US govt.
My first question is can I have them deposit my pay check in US account without any ...
0
votes
2answers
62 views
Is Indo-US scholarship received in INR exempt from tax?
I am an Asst Professor working in a central university.
I was selected for an Indo-US fellowship of $3000/month for doing a research project in the U.S.
They have paid in INR to my university. In ...
0
votes
1answer
194 views
Income tax on my online drop-shipping business (India)
I am an Indian citizen & run a semi-drop shipping business.
The details are:
I deposited 10 lakh through cheque/cash into my Indian savings bank account (PAN not submitted during account ...
2
votes
1answer
57 views
Income tax on international income with money not deposited in India
I plan to have a consultancy business outside India. I do not plan to remit my income to India immediately. I would do it later maybe after 2 or 3 years. Do I need to pay taxes now? or can I pay tax ...
1
vote
0answers
61 views
Taxation on Freelancing Software Jobs in India [duplicate]
Possible Duplicate:
Indian Citizen want to work as a freelancer for Europe. How to pay tax in India?
I am an Indian Citizen and was working for a Canadian company while I was living in ...
1
vote
1answer
404 views
Indian Citizen want to work as a freelancer for Europe. How to pay tax in India?
I got an offer to work as a freelancer for a European company. In Europe, its like you need to set up a small legal entity on your name but is this the same in India? How can i do freelancing in India ...
5
votes
1answer
214 views
Working as freelancer with two partners. How do I report the income for tax purposes in India?
I am a software engineer working in a IT company. Apart from this, I am also working as a freelancer with a U.S. client. Money comes in USD to my Indian bank account. I have two partners with an ...
1
vote
1answer
161 views
Income Tax liability for non-citizen of indian orgin
I am a citizen of Singapore of Indian orgin. I have been working for a multinational in Singapore which has registered office in India too. For the last fiscal ( Apr 2011 to March 2012), I had spent ...
1
vote
1answer
163 views
Will I get tax benefit from both HRA and Housing loan
I'm having housing loan but it is not self occupied and I'm staying in rental basis. Can I avail the tax benefit from HRA as well as from housing loan. If so is there any document need to be submitted ...
6
votes
2answers
1k views
Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India?
I am an Indian citizen and I work from India as a freelancer for an U.S.-based IT company. I am getting monthly payments directly into my Indian bank account. My colleagues' monthly payment come to my ...
1
vote
1answer
152 views
What is the criteria for zero interest on self assessment tax?
Say I owe total tax of Rs.1 lakh for the assessment year 2011-12. Of this say I have already paid 90k via TDS and advance tax. If I pay the remaining 10k in July 2011 just before filing returns, will ...
5
votes
1answer
113 views
Foreign tax credit
I was a student in one of the universities in Texas before I graduated in Aug 2010 and moved back home to India. However since June 2010 till date, I have been working with a US based company.
...
1
vote
1answer
1k views
What are the tax liabilities for an Indian citizen working in the US?
I have an opportunity to work in the US for a period of 1-2 year.
as I have gone through the link, it suggest I don't have to pay any taxes in India as it is already included in federal tax.
I am ...
2
votes
1answer
402 views
In India, does a company compulsorily have to file income tax on my behalf?
I work in an IT company in India. I get my monthly salary after monthly tax deduction as per TDS law. The tax filing deadline as per Indian government is 31st July, but my company has a deadline for ...
2
votes
1answer
108 views
Does India require its citizens to report income wherever they reside and earn (abroad)?
I have read that:
"The U.S. requires its citizens to file tax returns reporting their earnings wherever they reside. However, there are some measures designed to reduce the international double ...
1
vote
3answers
810 views
If I am Indian citizen residing in India but earning through online freelancing in US dollars, to whom do I pay taxes?
Say I am an Indian citizen and residing in India and earning through online freelancing software programming in US dollars. Which government do I pay taxes to?
Do I pay some taxes to Indian ...
2
votes
2answers
556 views
If I am Indian citizen residing in US and earning there, do I have to pay taxes to India?
Say, I am an Indian citizen and living and working in US, do I still have to pay some taxes to Indian government? My first thought is why should I be paying taxes to Indian government because neither ...
5
votes
2answers
2k views
What is the difference between PPF and NSC saving schemes?
I want to invest money in either a PPF (Public Provident Fund) or NSC (National Savings Certificate) scheme, but I would like to understand the differences between them.
