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How Many Pay Tax for Online Earnings ?
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samueldarwin
Member
Joined: 10 Oct 2007
Posts: 117
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Posted: 16 Feb 2009 21:12
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Hi Guys,
I am just wondering how many people here are paying tax for the earnings that we get in internet. No one will know your earnings until you reveal it.
Please post your honest views.
P.S: I am not from Income Tax Department
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Vishal P. Rao
Joined: 23 Jun 2005
Posts: 947
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Posted: 17 Feb 2009 01:32
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If it's few dollars here and there, then you may evade them. If its high enough, you'll have to pay now or later. You have to deposit checks in your bank account and for checks greater than Rs 50,000, you have to quote your PAN number. For every loophole there is a plug by the IT department. Better pay and relax than evade and worry about getting caught.
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samueldarwin
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Joined: 10 Oct 2007
Posts: 117
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Posted: 17 Feb 2009 14:15
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Vishal I have a few questions. I think you are the right person to answer this.
1) Yes for checks we need PAN. But if it is online transaction like paypal withdrawal is it necessary.
2) Consider this condition: I get a google Check for more than INR 50K. But to make that 50K I have spent 30K on advertising. How can I pay tax now. How will I show my expenses.
3) If I sell a service or product, how is the tax system in India calculated.
Is there any online method to calculate and pay tax in India..
Regards
Sam
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samueldarwin
Member
Joined: 10 Oct 2007
Posts: 117
#
Posted: 17 Feb 2009 14:16
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BTW, the site's new logo is nice...
__________________
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Can Earn Every Month.
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