02 February 2011
Hi, I am a journalist and I have moved to USA from India a few months back. I will be an NRI as per Income Tax Act in the financial year 2010-2011. I have an offer from an Indian media company to provide services for their website. I will be reporting on events happening in USA (of interest to NRI readers) on their website and will be on contract.
I would like to know: 1. If my income earned would be deemed to have accrued in India or in USA? 2. What will be the taxability for FY 2010-11 3. Should I receive the income in USA bank account or in India bank account?