Hi, Brief on our current structure: Indian entity registered as a subsidiary of U.S registered company.
3 employees resident of India is on the payroll of Indian Entity working remotely. Now from April they shutting down the Indian entity and making all 3 Indian resident employees direct employees of a U.S registered company, working remotely from India. For employees what will be the benefits and issues.
One thing they communicated is we will have to handle the Taxation of India at an individual level... Just wanted to understand the new process...
Currently, we give investment proofs to Indian employers and they deduct tax and file that to govt... Then using that form16 we file our income tax returns.
How all this will change in the new employment model in which we are employees of U.S entity?
Please guide further on this. Right now we have the option to object to this proposal if any issues.
3 employees resident of India is on the payroll of Indian Entity working remotely. Now from April they shutting down the Indian entity and making all 3 Indian resident employees direct employees of a U.S registered company, working remotely from India. For employees what will be the benefits and issues.
One thing they communicated is we will have to handle the Taxation of India at an individual level... Just wanted to understand the new process...
Currently, we give investment proofs to Indian employers and they deduct tax and file that to govt... Then using that form16 we file our income tax returns.
How all this will change in the new employment model in which we are employees of U.S entity?
Please guide further on this. Right now we have the option to object to this proposal if any issues.