Tax Information for India?

Discussion in 'Payments' started by stagold, Oct 30, 2008.

0
  1. #1
    Hello

    i want to know that if i earn money above rs.1.5 lac from google so then shud i have to pay tax to the government or not

    Thanks
     
    stagold, Oct 30, 2008 IP
  2. malcolm1

    malcolm1 Prominent Member

    Messages:
    7,148
    Likes Received:
    758
    Best Answers:
    0
    Trophy Points:
    310
    #2
    wow i thought it was just us in the usa that have to pay taxes :eek:

    laterz
    malcolm
     
    malcolm1, Oct 30, 2008 IP
  3. kp_mastermind

    kp_mastermind Active Member

    Messages:
    885
    Likes Received:
    17
    Best Answers:
    0
    Trophy Points:
    58
    #3
    you must as per regular text rules till i knw..am i right?i read this somewhere
     
    kp_mastermind, Oct 30, 2008 IP
  4. krishmk

    krishmk Well-Known Member

    Messages:
    1,376
    Likes Received:
    40
    Best Answers:
    0
    Trophy Points:
    185
    #4
    Income above 1,50,000 Rupees is taxable for the financial year 2008-2009. However that may not be your net income as you say its from Google Adsense. You could deduct some charges which you may have incurred for getting this profit (like internet charges, domain charges etc.)
    Contact a CA (Chartered Accountant) who would be in a better position in guiding you on how to properly calculate those.
     
    krishmk, Oct 30, 2008 IP
  5. sarpras2005@yahoo.co.in

    sarpras2005@yahoo.co.in Well-Known Member

    Messages:
    1,436
    Likes Received:
    7
    Best Answers:
    0
    Trophy Points:
    128
    #5
    Thanks for info, After deducting (internet charges, domain charges etc.) my income below 1.5 lac level.
     
    sarpras2005@yahoo.co.in, Nov 2, 2008 IP