I have two sources of income as below:
A US (Delaware) registered LLC (newly registered)
- I might be able to open a US bank account, in which case, if the profits are deposited in the US bank account in my name, what will be my tax liability (toward US and Indian gov) vis a vis DTAA?
- If I choose to instead get paid directly into my INR savings account in India, will that be considered as export income? What will be the tax liability in this case?
An Indian (Delhi) registered Sole Proprietorship:
- Income is in USD into an EEFC account.
- Application for Non-STPI registration unit is under processing.
- What will be my tax liability for income from this firm?
Thank you.