govt of india tracks money in paypal account?

Discussion in 'PayPal' started by aamigallery, Aug 26, 2011.

  1. #1
    govt of india tracks money in paypal account?
     
    aamigallery, Aug 26, 2011 IP
  2. ioppp

    ioppp Peon

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    #2
    aur kya kya chaiye iss gov ko...is gov ke chakkar mai money sending option stopped ..itna corruption dikhai nehi deta kyu freelancer se bhi paisa khana hai iss cong ko..speak asia ko bandh kar dia sale gov chor hai;):rolleyes:
     
    ioppp, Aug 26, 2011 IP
  3. Ragu_007

    Ragu_007 Well-Known Member

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    #3
    No, they wont track money in your PayPal.
     
    Ragu_007, Aug 26, 2011 IP
  4. nihangshah

    nihangshah Prominent Member

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    #4
    PayPal has made PAN and bank account mandatory. This means they can track if they want to.
     
    nihangshah, Aug 26, 2011 IP
  5. Ragu_007

    Ragu_007 Well-Known Member

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    #5
    Usually PayPal will not use your Pan Number until your withdrawal limit is less than 50,000/transaction. If you withdraw above 50,000 then PayPal use your Pan Number. At those situations, they can able to track. But not that much systematic in India.
     
    Ragu_007, Aug 26, 2011 IP
  6. olddocks

    olddocks Notable Member

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    #6
    let them track. you shouldnt be worrying unless you are involved in criminal or illegal activities something like that.
     
    olddocks, Aug 27, 2011 IP
  7. blogger10

    blogger10 Greenhorn

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    #7
    No.. If they can track, we should file IT return properly. Otherwise we should visit IT office daily for their questioning.
     
    blogger10, Aug 28, 2011 IP
  8. Joseph Chakma

    Joseph Chakma Peon

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    #8
    This is kinda shit. What else they need?
     
    Joseph Chakma, Aug 28, 2011 IP
  9. sunl

    sunl Peon

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    #9
    Yesterday I got information from local broker and they told, You have to file return only if your bank transaction exceed 1000000 Yearly. And you will get trouble if not file return.

    With this i don't think there is only problem with Paypal Unless Someone try to use it illegal Activity.

    I only have problem with RBI guideline about Debit card. They stop them for International transactions. And Credit card not affordable by most users here. Even my city is blacklisted for Credit cards. No Bank issue card here.
     
    sunl, Aug 28, 2011 IP
  10. bharatmax

    bharatmax Member

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    #10
    No. I don't think so.
     
    bharatmax, Aug 28, 2011 IP
  11. Card

    Card Well-Known Member

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    #11
    As PAN card is attached to your Paypal account,so All income is tracked by Goverment :)
     
    Last edited: Aug 28, 2011
    Card, Aug 28, 2011 IP
  12. goodselleronline

    goodselleronline Peon

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    #12
    They can only track the funds withdrawn to your bank account .
     
    goodselleronline, Aug 28, 2011 IP
  13. olddocks

    olddocks Notable Member

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    #13
    Thats what my auditor told me. It doesnt matter if banks report it or it.
     
    olddocks, Aug 28, 2011 IP
  14. alexgreatcpa

    alexgreatcpa Well-Known Member Affiliate Manager

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    #14
    Does not matter....They can not track PayPal.
    But PayPal can share your information with Indian GOVT on demand.
     
    alexgreatcpa, Aug 29, 2011 IP
  15. nabajit

    nabajit Peon

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    #15
    Indian Govt. started monitoring Facebook & Twitter activities if found suspicious. Does any one gives their Pan or CC or Bank data to these networks? Whether you have to give your all financial data's to verify Paypal. And with these data it is much to easily track your financial activities. So how can one be assured that their Paypal money is not being tracked by Indian Govt. ?????
     
    nabajit, Aug 29, 2011 IP
  16. bharatmax

    bharatmax Member

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    #16
    I don't understand why you people so scared of this..
    somebody please explain.
     
    bharatmax, Aug 30, 2011 IP
  17. blogger10

    blogger10 Greenhorn

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    #17
    The reason why people are scared is that they are doing tax evasion.....
     
    blogger10, Aug 30, 2011 IP
  18. pupul

    pupul Prominent Member

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    #18
    Ya, They can track. As you withdraw your money to your Bank Account.
     
    pupul, Aug 30, 2011 IP
  19. viteb

    viteb Peon

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    #19
    Yes, i agree with you.
    With help of pancard and bank details, they can track money from paypal.
     
    viteb, Aug 30, 2011 IP