Export earning india (procedure ) ?

Discussion in 'Legal Issues' started by topaffiliateprogram, Nov 17, 2006.

  1. #1
    hello everyone , recently i have consulted my CA and he told me affiliate earning should be done in this way .
    1. i must get IEC (cost Rs . 2000 ,including his fee)
    2. i must register with promotion council (cost appx. 7000 per year) .
    now here are my concerns
    My query : How would i send return to IEC code , he replied IEC is just a licence and does not need to file return .....
    now does it mean if i have IEC i need not to declare export income ? if i have to do how will i do it ? does IEC return goes to export office like income tax return ??

    is it nessecary to register with promotion council , what are the benefits of it ?

    what are the proofs i need to attach with annual return ( or do i need to mainatin any proof that my earning is from affiliate ) ? how will i do it ?

    do you get bother by officals ( for enquiry or anything) once you complete all this stuff ??

    overall can you tell me A to Z complete procedure to what do i need to do to comply with this legal stuff ..what are the income tax rates after i do all it .
     
    topaffiliateprogram, Nov 17, 2006 IP