Hey guyz how are you all well i am kinna worried since past many weeks, i am from india and i earn via uploading stuff on filehosts and as commission when accounts are bought using my links. till now i had been transferring money thus earned ( thru hotfile , filesonic , fileserve ) ton my paypal account and from there into my savings bank account in India . The money i earn is b/w like 20 to 40 k per month, I have not attached my PAN with this paypal account as yet as it is attached to a diff savings account where i receive my salary from my regular job. i am worried about a no of things 1.. seeing how paranoid our gov is about havala money and funds for terrorist related activities , there is a possibility that my earnings will be scrutinised as well ??? ( gosh ) , if so what reason i am gonna give , ( its all warez income TBH ) 2.. what about the tax on this income , as i have heard that there is no tax on money earned in $ in India 3.. how shouuld i manage this all so that i can get money as well as keep things safe and clear , you see i have a modest salary and owing to high cost of living this money which i am earning from filehosts is definitely handy in sustaining the family. I am actually worried as well as confused , pl help me on how to conduct this. regards
come on folks DP is considered a place of most know it all guyz and still no one is helping me here . damn , i am triple posting , MODS pl forgive me , pl rehards
SORRY i am replying after so long well me and a friend , we upload various sorts of content on a number of hosts and number of forums. so the earning is via downloads. can u folks tell me how should i go about , i mean if PAN and purpose code things ahve been put in place then looks like its all being monitored , what should i do , how do i declare this income , I WANT TO PAY TAXES ON IT FOR SURE BUT WHAT SHOULD BE THE SOURCE LOL regards