Hi
I am looking forward to start exports, online over internet and the will be working for a firm situated abroad through internet & there is no exchange of goods and i will receive the proceeds in form of commission in US dollars depending upon my performance. They will pay me commission or incentive. I will be receiving the forex proceeds in my own name.
Now the question arises that i want to get the maximum tax benifit. Should i continue to receive the proceeds in my own name or shall i open a sole proprietorship in my own name (ie the name of the sole proprietorship will just be my first and last name).
Which is better ? and what i have to do to get 100 % tax benifit.. ie i dont have to pay any tax on my export earnings.. Please clarify on this matter.
Thank you
CAclubindia
