Independent Consultant Working In India For Us-Based Company.

[scorpion_king]

I am a newbie to AndhraFriends. I had a question regarding taxes and payment procedures for an indian citizen working for a US company from India.

I am currently in USA, working for a US company here. I am moving permanently to India (yeah!!!) and my company wants to retain me by making me an independent contractor who works from India on a full-time basis on a fixed salary per annum in dollars.

I did some basic research and understand that this is possible.

But my questions are,
[indent=1]1. How will I get paid if I am just an individual in India and I do not have any business entity to pay the amount to? My company gave me few options:[/indent]
[indent=1]
a. They will pay me via paypal, which I think is illegal since paypal has stringent rules on that - Am I right?
b. They will transfer money to my indian bank account, which I will get in converted currency - Is this legal for either of us?[/indent]
[indent=1]c. They can transfer money to my US bank account and it will be a direct deposit like I currently have - Will I need to pay US taxes on this?[/indent]

2. If either of the above options are selected and right, how will the India government know how much I am earning and how will I pay my taxes?

3. If I am paid as an independent contractor do I need to create a company on my name or can they transfer money just to an individual's account like me?

4. What is the best legal way to enable this?

I would really appreciate if you could take some time and help me out over here since I am breaking my head not knowing whom to contact and what to do. My company is only a start-up and so they do not have much information on how to enable this process.

[ranam_007]

bro not sure about that, But bro if you don't mind can you send me the skill and company name ur working, i dont need your name just want to know the company name which gives this option i like the way u got the offer,

[ranam_007]

[quote name='ranam_007' timestamp='1346259671' post='1302400302']
bro not sure about that, But bro if you don't mind can you send me the skill and company name ur working, i dont need your name just want to know the company name which gives this option i like the way u got the offer,
[/quote]
Just mail to my id personally about the details i requested above!