K
Konda
I have question what is perfectmoney is it legal how website convert pm into inr because pm doesnt need any documents only for transaction we need it........
T
Trivendar Singh Rathore
I have to remit payment to a foreign game developer. There are two different cases for the remittance, please help.
Case 1: Paying a fee to a foreign Individual freelancer for developing games for me.
Case 2: A foreign individual developer has given me a license to publish its game in exchange for 80% profits to be paid to him.
My questions are:
Q1. What taxes do I need to pay in both cases? How do I pay them, any forms to be filled or the bank will handle on their own?
Q2. How to approach the bank for such commercial foreign remittances? What documents do I need to provide them as an Individual?
Thank you so much in advance.
There cannot be a clear cut answer you need to share the agreement between you and them.
Their country of residence.
Tax residency certificate of them if available and then I can comment on the taxability of such payment.
Don't release payment to non-resident before knowing proper tax implications or it may lead to 100% disallowance of expense.
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
Hello, thank you so much for your response. There is a mutual agreement only that I can publish the game to different app stores and I will pay them, the 80% profits earned from their game.
Country of residence : Morocco
Tax residency certificate is not available
And yes there is no such payments as I am first waiting to understand the taxation and then proceed with payments. I am working as an Individual so I am taking all the required precautions to avoid any issues.
Hope you can help me out. Thanks again
D
Dwarak
I'm NRI currently. Soon I will be moving back to India permanently and would be working for a foreign company and get salary paid directly to my bank account. The gross salary per annum is expected to be more than 50 Lac. Please let me know my tax liability.
Hello,
For exact tax liability, detailed information would be required.
Advisable to take the consideration as fees rather than salary, would be much tax beneficial.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
A
Akash
How can we redeem Sovereign Gold Bond if both the investor and nominee had died?
D
Dev Khambhayata
So I know that I can Invest in stocks on U.S. markets, But is it legal or possible to do day trade(intraday) on U.S. markets by opening an international Brokerage Firm account ?