i am confused about the transfer of my earnings

Discussion in 'Payment Processing' started by lorddredd, Mar 9, 2011.

  1. #1
    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
     
    lorddredd, Mar 9, 2011 IP
  2. lorddredd

    lorddredd Peon

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    #2
    sorry for the double post :(
    pl someone ??? anyone ??
    regards
     
    lorddredd, Mar 10, 2011 IP
  3. lorddredd

    lorddredd Peon

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    #3
    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
     
    lorddredd, Mar 11, 2011 IP
  4. neil_buzzerchat_staff

    neil_buzzerchat_staff Banned

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    #4
    how do you make 20 to 40 k by just uploading ? hahaha
     
    neil_buzzerchat_staff, Mar 11, 2011 IP
  5. MrTwoFister

    MrTwoFister Peon

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    #5
    I think its sharecash.
     
    MrTwoFister, Mar 15, 2011 IP
  6. lorddredd

    lorddredd Peon

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    #6
    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
     
    lorddredd, Aug 24, 2011 IP