PayPal Resumes Bank Withdrawl In a Few Days By March 3.

I had withdrawn $800 yesterday, don't know for how much time the money will be blocked.

 

I guess they will not release it before march 3rd, when they have changes in place....

 

Why 2CO checkout, Clickbank, Moneybookers and other foreign companies don't need it while transferring funds to Indian banks?

 

As we are service provider then why we need IEC code?And we have to pay full tax??
And how much % of tax we have pay?
Please provide me more details about tax?

 

MB and 2CO use bank wire transfer i suppose

 

yes,i think every one got email regarding Paypal issue.

But i think its going to be big headache.

Lets wait for more 2 days,will see what it is going to happen.

 

MB used bank wire ( i have used it) for sure , dunno about 2CO

 

I think Govt wants to make money out of everything and give it free to their employees who does no proper services.. first clean up your mess in govt offices and make those who sleep in govt offices work. you can save a lot.. instead of harassing freelancers with unwanted licenses and who earn little compare to a road side fruit vendor.

 

good news...

 

This is what i said yesterday! Congress wants Tax, this is just another way to increase tax base, and keep a check on money coming in,... we do have a irritating neighbor remember!

So what, now we rope in our parents, launch a private limited company and then apply for an IEC code ... more expenditure?

M.

 

I Think government is trying to just keep a track of the funds received from other countries

 

Individuals can apply...No one is here 100% sure...So thats why its better to wait for paypal updates..

 

Yup true....Money coming from abroad isnt as simple as it seems to us...

 

we got one bad news and one good news

 

most probs paypal will ask us to fill out some form and submit pan card and all..And after that they might themselves provide us with the code..

 

aah another confusing way of providing a solution IEC. Also i mostly earn through RS and HF how to tell RBI that i earn through them

 

Pr0n ...gift some dvd's to RBI officials..

 

If every individual will fill up the forms for the export code and send it to rbi then it would take months to check those forms and provide the code so i dont think it will be necessary for us.

 

Yes, but its all in the bank, as RBI has access to all banks... why cant they track suspective people using that info. or ask the bank to give those info regularly. 99% do proper services not money laundering.

its all govt wants money in the form registration and licenses.fullstop.

 

naa no Porn mate just some other stuff but it pays