Nov 7, 2022 01:44:25 AM Edited Nov 7, 2022 01:45:27 AM by Ashok M
I observed that Upwork is now doing all local bank transfers in India through IndusInd bank. Does it mean, that I no longer have to file FIRC certificates during ITR filing? Or, that FIRC certificates are no longer relevant for receiving payments?
Nov 7, 2022 09:19:51 AM by Pradeep H
Hi Ashok,
Thank you for your message. Personally, I have been using the Direct to Local bank fund transfer and I never had to submit FIRC certificate so far while filing my taxes. I suggest you discuss this with your legal or tax adviser for options applicable to you.
Thank you,
Pradeep
Nov 7, 2022 08:43:56 PM Edited Nov 7, 2022 08:45:49 PM by Ashok M
I have seen posts of Indians receiving notices asking them to submit FIRC. How sure are you about this? The confusion is, because I am receiving payments from Indusind Bank and not from an international bank. I do not want to have any legal complications.
Nov 8, 2022 03:39:41 AM by Annie Jane B
Hi Ashok,
As Pradeep said, it would be best to discuss this with a legal or tax adviser as Upwork does not provide any legal advice. Thank you.