How can I show paypal check trasnfer to my account in income tax. I am from India and earning from various work. Let me know about it. Should I have a licence of IE?
Yeah but paypal sends check when balanace is min. 150 and I have small transactions. How to show it. Should I show it check wise or transaction wise/
^^ And who told you that ? @technoguy, If the transactions are indeed very small, you can show it checkwise. But include a summarized copy of the transactions along with the check. However, document the transactions and keep print records, if asked later on. Abhishek
Unfortunately this information is wrong.2 years back all deductions regarding this were removed and now everything is taxable.