I would like to render software services(programming, analysis and maintenance) to an American manufacturing company. The American company is only present in the USA(no presence in India) and I had previously worked as an employee in this company. They would like to continue to have my services after I had permanently returned back to India and as an independent contractor. I will work from my home in India. I will be the only one working.
From what I read, I will have to
1. Form proprietorship
2. Register For Service Tax.
3. Open a current account to receive the foreign exchange money.
4. Get Importer Exporter Code.
5. I assume I have to pay professional tax too to the municipal corporation.
... Have I got the above steps correct?
... Is there anything else missing
... Are there any other legal/tax issues that I am unaware of?
Please advise. Thank You All For Your Time.
