Hi, With regard to Income tax returns in India do I have to pay tax on all my paypal transfers(From US $ to INR) to my bank account in India. So, lets say I transfer 500 USD to my bank account which is about 20,000 rupees. Now if I had spent 200USD(8000 rupees) on PPC to make the 500USD then what is the amount that would be taxable. 20,000 rupees (or) 12,000 rupees (20,000-8000). If so what are the documents that I need to show. Please advice
Well as from Indian policy your earnings amount would count from 1st April to 31st March. You have no tax on 1,80,000 Rs. You can smarlty use 80 C offers which allowed you to invest your money without ant taxes. If youn invest money in 80 c offers, your amont will no be taxable.
No matter from where you earn getjimmy You need to pay tax if you earn more then 1,80,000 Rs. I think you need to consult your CA to clear your doubt DON.
Well whatever you earn you have to pay taxs. Last year I saved 30,000 Rs tax by invest the moneyn nunder Section 80c. You can also save money by giving gifts upto 25,000 Rs. So do ask your CA for more information.
Alright thanks. I also want to know if any of you affiliate marketers have filed for tax. If so did you deduct your PPC expenditure or were you taxed on your entire earnings