Your Income and Bank Account is UNDER CLOSE WATCH.

Hi
DP Members
Internet marketing and Earning is on a high role these days.
Many persons like even me too work for others and get the payment either through PAYPAL or any other method.
But U don't know bank is closely taking review of ur account and keeping this watch for NOT PAYING TAX and other LEVIES which are legally payable to the Govt.
If one doesn't pay these taxes n levies then the hammer of GOVT becomes heavier and U may have to shed tears later on for not keeping ur accounts in correct state.
I have been working as Company Secretary and wish to share my experience with all the needy.
What U people can Do ?
Send me your queries related to money and Taxes and I would suggest you accordingly.
Thanks.
Aggarwal ML

 

so do u suggest we set up companies to take in the profits, so we can stay on the correct side of the law?

 

Where are you from Buddy?

 

This guy is searching for clients , see he is a CS http://forums.digitalpoint.com/showthread.php?t=462784

 

I don't think I ever paid taxes before, Adsense is tax free for middle easterners.

 

in india after reach RS 150,000 balance in bank then will report the info to income tax , one idea is to don't pay tax go out side of country and make one NRI bank account then put cash there its wrong but i have to say it because some NRI Job holders and exporters have big reduction from their income then why government don't allow to save our money who is making cash online ?

EDIT >> New tax payers need to apply for a service tax number and then pay service tax every quarter along with advance income tax returns. Till last year, if your total income was less than Rs. 4 lakhs, then you need not pay service tax. I believe this limit has been raised to Rs 8 lakhs in this financial year, but you need to check this with your accountant. So only big bloggers and websites are affected.

Pay Service Tax on Google Adsense Earnings in India

 

In Pakistan, if you own a Software House or Call Center who are providing services to other countries (USA, UK etc...) are free from tax for 15 years.

 

is this a post where your trying to sell us your advice or services regarding this??? it looks more like a sales post then advice. tell us about the problem, then ask us to contact you for help or advice??????

 

Nice find lol.

 

Dear All
If some one is offering something free of cost to U people U can't even digest that.
I had become the member of the forum and I had told U people abt this free of cost.
If U are not interested then what have I to do with that?
I don't care.
I have enough to do at my place.
This was just a courtesy call.
Thanks for these kinda comments from senior members of the forum.

 

you can gain publicity by posting info in public rather than PM's

 

yup thats true. I don't pay tax on adsense earnings either

 

This is incorrect.

We are partners of Google for the Adsense program and are not providing service to them.

Google already collects service tax from Adwords advertisers for the advertising that they put on our websites.

When Google sells advertising to Indian advertisers, it has to collect service tax.

However as we are partners, our share of service tax has already been paid for.

 

So still you think this is not taxable?
There must be some provision for this.
Or google has to take care for that.

 

lol let them watch, i dont think gov bothers for accounts earning less then $2500 per day as net income.

 

As I said Google collects the service tax and pays it to the government.

When google collects Rs 10 from the advertiser, it collects Rs 1.23 as service tax.

This is the full tax on Rs 10.

Out of this Rs 10, Google hardly keeps Rs 1.5. Rest of Rs 8.5 is passed on to the publishers who are partners in Google's Adsense program.

The Rs 8.5 that we are getting was already taxed when Google collected Rs 1.23 from the advertiser.

Google is collecting taxes not just for its Rs 1.5 but also for our share of Rs 8.5.

 

your calculation and idea is good , but any income tax officers can understand that ? or how many adsense publishers ( online sellers ) giving income tax in india ?

 

Now Govt. has started taking care of these income group people.
Special Cell has been made for this by the govt to keep track of the finances movements.

 

we will go to the Papua New Guinea to get NRI account and put the cash there .......

 

yes that can be done. Great thinking.