vups
Junior Member
- Jun 13, 2016
- 103
- 65
Perfect Bro
Do i have to pay tax ? [India]
- Thread starter ukonline
- Start date
ukonline
Regular Member
- Dec 17, 2014
- 235
- 44
1L should be paid as tax?
ridersark
Supreme Member
- Nov 14, 2015
- 1,272
- 581
no mate!
From that 1L u can deduct your expenses etc. On the remainder amount you have to pay 10% as tax.
https://cleartax.in/guide/income-tax-slabs
No way am I affiliated or linked to the above site.
Univa
Elite Member
- Jan 15, 2013
- 3,591
- 1,816
Who said government isn't aware of the things happening. Didn't they recently imposed taxes on adwords users. Also many of the government sites have adsense and affiliate links now a days take an example of railway booking.
Instead of doing things on own, Better consult a CA explain him in brief what you do, Also you will have to share almost all your payment related things with him (Paypal accounts and others.)
As he will help you in lowering down things by adjusting things.
Cheers
Instead of doing things on own, Better consult a CA explain him in brief what you do, Also you will have to share almost all your payment related things with him (Paypal accounts and others.)
As he will help you in lowering down things by adjusting things.
Cheers
Capo Dei Capi
BANNED
- Oct 23, 2014
- 752
- 7,253
India already signed an agreement with Hong Kong to catch their tax evaders that use Hong Kong
http://articles.economictimes.indiatimes.com/2015-12-21/news/69212376_1_cbdt-automatic-exchange-multilateral-competent-authority-agreement
fuck........... this changes evverything
blackmint
Senior Member
- Jun 8, 2013
- 931
- 437
You have to file income tax returns for your brother, because you are using his bank account to receive money.
what are other sources of income for your brother ?
whatever, whether he is a salaried person or doing other business, you have to show this income in the final computation of income.
Better to consult a tax practitioner, best to consider a Chartered Accountant.
what are other sources of income for your brother ?
whatever, whether he is a salaried person or doing other business, you have to show this income in the final computation of income.
Better to consult a tax practitioner, best to consider a Chartered Accountant.
Capo Dei Capi
BANNED
- Oct 23, 2014
- 752
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Even tax planning is becoming harder to do, although its really more of a show than actual cracking down on that. Many countries now have or getting CFC rules where you need an office and staff in the other country to have it exempt from paying taxes in your home country. And then you need to be able to keep enough in the country, that you are saving more in taxes than the cost of the setup, and the amount of taxes you will pay for the salary you desire. Its no longer something that is cheap that the average person can do.
bladeslayer90
BANNED
- Jul 8, 2016
- 22
- 1
You don't have to pay taxes as long as you are under a certain amount here in India.
mariademitrova
Junior Member
- Oct 2, 2014
- 108
- 16
If you make good income then maybe think about setting up an account offshore in a place where you wouldn't have to pay taxes. There are countries like UAE etc where you wouldn't have to pay taxes if you set up an account in a free zone. Do your research and choose what's best for you.
srb888
Elite Member
- Jul 30, 2008
- 3,304
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Capo Dei Capi
BANNED
- Oct 23, 2014
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If he is selling stuff while based in India, the money is considered earned in India, having an offshore company and bank account in UAE will not help. UAE is also another country that India has signed agreements with to catch tax evaders.