Tax liability for contract - USD 40000 as contract income from a US company via an Indian company

Hi Sir,

I received USD 40,000 as contract income from a US company through an Indian company. Could you please advise me on how to file taxes and the specific tax obligations I have while working remotely from India under the payroll of an Indian company for a US-based company?

Dear Friend,

It would be beneficial to consult a Chartered Accountant who can act as a tax consultant to provide good suggestions for your cause.