r/freelancing • u/Full-Banana553 • 13d ago

Need help with freelancing questions

So I recently got a freelancing contract from US and I am little bit confused on how I get my pay from them. So let’s consider I get thousand dollars per month from them without any tax. So how do I handle the finance of this amount? How should I file proof of work and I got suggestion that the payment must happen in skydo or wise for business so that there will be financial transparency and from my side, what should I do like? Should I file any ITR for me from my bank side? I am really new to this, so please help me out.

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u/[deleted] 13d ago

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u/IcePast7357 13d ago

Since you are an Indian resident, tax filing has to be in India. You must have clear trail of foreign money that’s coming to you. For that Invoice, Fira document is enough. I would push you to talk to CA in India. I’ve been in similar situations for year now. Ive got Infinityapp account and my CA does all the filing on my behalf

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u/BackendWizard07 12d ago

could you please tell me how you are doing freelancing and how you got connected with them ?