Direct Deposit Problem with 15 digit A/C No

Thanks for the info dude, +rep.

Also, are you paying any IT for the money in your savings acc.? I've a lot of cash that I've just put on hold in my acc solely because I'm trying to sort this out, but no one can tell me how to go about it...if it is necessary to pay for this kind of income, how/what kind of declaration do you use, and do you go through an accountant?. Would really appreciate answering these questions,

Thanks,
Medic.

 

You gotta pay taxes on all kinds of income bro

You can shown it as Income From Other Sources. Once you present this saving account for Audit, the Auditor/ concerned authority will take care of other things.

Edit :ADD -> You can also produce receipts of expenses that you did on marketing or promoting your produtcs (online or offline) and that will be deducted from your gross profit, to get the net taxable profit earnings

 

Any updated info on Direct Deposit?

Leaving SBI, did any one try other Indian Banks?

 

I have set the dd for ICICI bank,my payment for dd is issued,the date being showing as 28/01/2009,so by when shall I expect to get itcredited in my bank a/c

 

So by 31st January 2009, you should expect your funds in ICICI bank.

I think ICICI has 12 digit a/c number, so it may a not be a problem with direct deposit.

 

My a/c number is 5 digits (small bank) and waiting to see what comes out of it.

 

5 digits! Which bank is it? Is it a nationalized bank?

 

No, it's an urban co-operative bank (NEFT enabled)

I've been using it for PayPal withdrawals but I've still to see if my CB earnings get there too.

 

Any updates about your urban co-operative bank payment?

I would request the members to list out the successful Indian banks that approved Direct Deposit of CB. Did anybody had success with Axis Bank?

Starting the list I would like to add State Bank Of India.

 

It got credited day before yesterday for me.

 

I think now clickabnk accepting 15 digits account number go check it

 

No, not yet. My first deposit will be released mid-February.
I'll update this thread if and when I receive it.

 

he is right ... Account Number – Up to 15 digits numeric. Do not enter dashes or spaces.

 

my amount also got credited on 31st ,so guys dd is working absoltely fine,I had gven icici bank.,now dis inspires me to mke 100-200$ per week.

 

Is it Axis bank account?



Finally CB DD works with

SBI - 11 digits
ICICI - 10 digits

any additions?

 

I have SBI bank account and hdfc also ? what abt hdfc ?

 

Direct Deposit update:

Just got credited by DD to my co-operative bank account.

It came in 3 days and through NEFT (similar to PayPal)

So yes, DD works for Indian banks.

 

Finally CB DD works with

SBI - 11 digits
ICICI - 10 digits
Urban co-operative bank (NEFT enabled) - 5 digits

any additions?

 

It is better to approach your bank than CB

 

I have not received the DD for period ending 4-Feb which was sent on 18 Feb.
Usually it was coming in 2 days for the entire month of January.

Anyone out in India got their DD for period ending 4-Feb ?