24 March 2022
I am working for a foreign company. I manage their discord server and in exchange they promised to pay me but the only issue is they need an invoice. So my question is do I need to start a company to generate invoices and recieve payments or I can get paid in crypto or is there any other way? Also what will be my tax liability
24 March 2022
No need to start a company. As a consultant/ technical professional raise invoice in your name in foreign currency . Receive payment in your Indian bank account. Are you working in India or outside India.
24 March 2022
Yes you can create an invoice in your name, no need of incorporating any company. Further, it is better to receive the money in Indian currency then crypto to save taxes and other legalities.
24 March 2022
Sorry I am new to this, my only issue is how can I create the invoice and recieve the payments- I mean through which medium. Also what will be my tax liabilities. PS: Currently I am an undergraduate student
CAclubindia
