POSTED BY June 27, 2012 11:47 pm COMMENTS (14)ON
My friend was laid off from his company last month. He has now got a consulting offer from a US based company wherein he would work on project basis for 6 months and they would pay him in US $ 1000. As he is an Indian citizen and don’t have NRI account the money would be wire transferred to his normal savings account and hence be taxable. He will be working from home only. They don’t have any offices in India.
As he is working for a US based company he should not be liable to pay tax here. How can he overcome such situation. I don’t think he can open an NRI account without a visa. What would be your advise?
Thanks in advance.