| Author | Message | ||
Gulabi Junior Artist Username: Gulabi Post Number: 808 Registered: 03-2013 Posted From: 183.82.129.134 Rating: N/A |
Thanks Jeffa and Uno.. So 1099 is simple and better? | ||
Jeffa Comedian Username: Jeffa Post Number: 1579 Registered: 10-2012 Posted From: 67.164.25.41 Rating: N/A |
1) File taxes in India, pay taxes full. 2) File taxes in US and get the same amount (that you paid tax in India) tax credit in US tax filings.
Doola teeripovochu.. you may need to get RBI approval etc as its FDI etc..(I am not very clear but not easy with International Clients.
Register a company in US, transfer money to India. | ||
Uno Side Hero Username: Uno Post Number: 2771 Registered: 03-2016 Posted From: 99.231.161.157 Rating: N/A |
Now US and India have double taxation treaty. So US/Indian citizens will not end up in paying double taxes.US Citizen has to pay taxes on worldwide income even if he does not stay or work in US.If he has already paid taxes on Indian income,he may have to pay the tax difference of US Taxes (if any applies) | ||
Gulabi Junior Artist Username: Gulabi Post Number: 807 Registered: 03-2013 Posted From: 183.82.129.134 Rating: N/A |
If US citizen is living in India and have an offer from US company to work remotely (not fulltime), what kind of payments are better by considering both US and India taxes? Some options I think of - 1. 1099 from client - Do we need to file taxes in India as living in India? 2. Register a company (not sure what type) in India and draw salary. The clinet is invoiced through the company. 3. Register company in US and India 4. Other? Any suggestions? |