Earnings.. taxable ?

Discussion in 'Legal Issues' started by iGenius, Jun 13, 2007.

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  1. #1
    Hello guys,

    I am teenager (16) in New Delhi, India. I make around $300 a month by selling link spots, websites etc.

    When I get this money wired to my account in INR, will the amount be taxable or not ? (I am a minor).

    I am based in New Delhi, India .
     
    iGenius, Jun 13, 2007 IP
  2. AstarothSolutions

    AstarothSolutions Peon

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    #2
    Need to check with someone in your own legal juristiction but in the UK you would still have to declare it as income irrespective of if you are a minor or not however for UK law it would be below the taxable amount and so no income tax would have to be paid.
     
    AstarothSolutions, Jun 14, 2007 IP
  3. iGenius

    iGenius Banned

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    #3
    Thanks AS.

    Looking for some Indians to help me out.
     
    iGenius, Jun 14, 2007 IP
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