Post on Medial

Payal Manghnani

Stealth • 5m

What was the most challenging moment you experienced as a founder? How did you overcome it?

Hawk

Stealth • 5m

My biggest hurdle was dealing with tax officials for the inward remittance through foreign companies like PayPal to make them believe that freelancing or handling international clients as a company working remotely was actually a thing. It took me q

Payal Manghnani

Stealth • 5m

That sounds like quite a challenge Now, I'm curious to know, what strategies or techniques did you find most effective in convincing the tax officials and making them understand the nature of your freelancing work with international clients?

Hawk

Stealth • 5m

Well I had received a tax notice asking about my inward payments to my sole-proprietor current account. Paypal used to send money directly through foreign transfers before having their indian partners. I had all the documents ready like sale invoices, project quotations proving the inward remittance purpose so had to submit those and do some regular followups to have the issues resolved

0 replies

Recommendations from Medial

Aditya Arora
•

Faad Network • 1m

Meet the man who built India's third-largest bank worth 45,000 CR. 1. Born into a 60-member Gujarati joint family, Uday Kotak used to stay in a single house with his family, who shared one kitchen. He worked hard and studied master's at the Universi