Indian Govt. Plans for PayPal users.

Discussion in 'PayPal' started by anandnadaar, Sep 13, 2011.

  1. alexgreatcpa

    alexgreatcpa Well-Known Member Affiliate Manager

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    #21
    Funny sentence ever!
    Ha ha ha....We are paying very less tax.
    We pay tax on income, Our income is 70% less than US and UK residence. Our per person income calculated $30/ Month 30*12=$360 per year.

    What tax amount would you like Pay?
     
    alexgreatcpa, Sep 16, 2011 IP
  2. karthimx

    karthimx Prominent Member

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    #22
    also most of the tax money is not used properly :( don't know where all those goes.
     
    karthimx, Sep 16, 2011 IP
  3. mridula46

    mridula46 Peon

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    #23
    They are asking for PAN numbers because the Indian government has asked them to.

    Paypal and other such methods were being used by large exporters to hide money or make payments. Smaller people like us who only have small amounts in Paypal are also affected by the new rules, but when you are trying to catch big fish, the small ones are also affected.
    P
     
    mridula46, Sep 16, 2011 IP
  4. pbmann1213

    pbmann1213 Peon

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    #24
    If you're not breaking the rules, you have nothing to fear.

    I'm from the United States. Most of the complaints are about having taxes and fees deducted from transactions. Well, we all have to do that here. Also, our cost of living is nearly 3 times higher than that of India. Really, everything being mandated by law are policies that needed mandating after INDIA abused their own system.
     
    pbmann1213, Sep 16, 2011 IP
  5. petermorris

    petermorris Active Member

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    #25
    I hate all these nonsense things. it will destroy small businesses in india.hoping for something good in next RBI guidelines.
     
    petermorris, Sep 17, 2011 IP