Deel Community

Ashwin

Hi. I work for an American company remotely from India. They pay me via Deel, and I get the money in my bank account in INR. I am a contractor. Clueless about taxes, where do I fall under? Would really appreciate some help. Thanks!

isitayush · ‎March 20, 2023

Hiii Guys, A few questions I wanted to ask from the last few months. Do you prefer Local transfer or Swift International one? [ I usually prefer local transfer, I haven't done a converted transfer yet but I'm willing to try it soon.] Which banks do you prefer? I couldn't really find much on internet about FIRC & stuff but I'd love to know if you know any banks that are hopefully better at providing FIRC quickly & conveniently from "deels generated NOC". 🙂 I'd love to know if you have similar experiences or if you're currently doing contractual work from India & ofc the above two questions if you may. 🙂

abhinavgupta007

Hi Team, Hope you're doing well. I'm looking for specific information to be filled in the Point Number-10 of Part II Claim of Tax Treaty Benefits (for chapter 3 purposes only) in the W-8BEN Form as per the US-India Tax Treaty. https://www.irs.gov/pub/irs-trty/india.pdf Please find below the screenshot of the specific column for your reference. Regards, Abhinav Gupta

sudheer · ‎August 31, 2023

I Personally used 1. Direct bank withdrawls using HDFC. Pros: Nothing compared to others Cons: * Have to wait to provide inward remittance details for get the money debited. Can take 24-upward of few days sometimes on various reasons. * Conversion rate hasn't been great either. * Have to pay for FIRC(technically it is not firc as bank cannot provide that) 2. Wise Pros: * Free FIRC * Fast remittances, less than few hours Cons: * It cost 140$ for me now. 3. Payoneer Pros: * Free FIRC * Fast remittances, less than few hours Cons: Provider Fee of 1% + lower usd conversion rate, effectively got as much as deel 4. Coinbase: Pros: * Fast remittances, less than few hours. Cons: Indian taxes around crypto are a mess PS: still looking for a better solution on withdrwals

Whoami · ‎April 08, 2024

Hello there, I am new to deal, and had some questions for community, I hope I will be able to get answers(indian region). 1) for how long can I keep money in deel without touching. 2) if I want to park these USD, whats the best place and most effective way(lets say I don't want in my back at this moment) 3) whats the best withdrawal way to get maximum returns and best for tax purposes(freelancer hack iykyk) open to take this conversation is dm if you want 😉

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Taxation for: Contractor for a US Company

About FIRC & banks in India!

Information required regarding US India tax treaty details to be filled in the W-8BEN form

What is the best mode of withdrawl for indians?

best way to take money out of deel in india

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