INDIAN paypal question

fbfbfb

Elite Member

Oct 13, 2010

2,892

939

• Dec 1, 2010

• #1

hi guys

here is a small question

while trying to register with paypal it asks for PAN CARD(income tax card) details
so what ever transaction we make will it be recorded in the pan card....


here is the question again "WILL THE TRANSACTION $$$ BE RECORDED IN THE PAY CARD..?"

Thanks in advance ..

 

Last edited by a moderator: Dec 6, 2010

fbfbfb

Elite Member

Oct 13, 2010

2,892

939

• Dec 6, 2010
• Thread Starter Thread Starter

• #2

nope.. i am asking for the indian who sign up with there pan (income tax) card..
in India creating paypal is a process in which one haveto give the pan card number (10 digit number by Indian government)

will the $$ will add to the pan card to pay tax..?

 

W

whomi

Newbie

Nov 8, 2008

37

17

• Dec 6, 2010

• #3

now you need PAN Card number for paypal by RBI norms.
so it will count to your Incomtax. application

 

bawejaan

Registered Member

Aug 17, 2009

80

22

• Dec 6, 2010

• #4

no it will be in INR.

 

T

TwistedMarketing

BANNED

Apr 18, 2008

279

113

• Dec 6, 2010

• #5

Submit a fake PAN card number.

 

T

TwistedMarketing

BANNED

Apr 18, 2008

279

113

• Dec 6, 2010

• #6

fedix0nlineXX said:

all i know from in paypal from india is to restore their account limitetion.. coz i have friend there, confirm me to help his account coz it has been limited.. after his acount was restored ..

Click to expand...

Someone please delete all his 16 non-sense posts. :buttkick:

 

V

virtualc08

Supreme Member

Mar 23, 2010

1,380

959

• Dec 6, 2010

• #7

Paypal requires you to submit your PAN card for withdrawal of your money only. It wont record your transactions online and send it to the RBI. When you withdraw money it is just to inform RBI how much you withdrew and how much is actually being reflected in your bank account.

Hope this helped.

Thanks

 

truepals_forever

Supreme Member

May 5, 2009

1,269

1,708

• Dec 6, 2010

• #8

ashley.2328 said:

someone please delete all his 16 non-sense posts. :buttkick:

Click to expand...

+ 1 ..

 

scorpion king

Supreme Member

May 2, 2010

1,240

2,454

• Dec 6, 2010

• #9

YES all your transactions will be recorded and reflect in your PAN card and you have to pay taxes for that. You can't use a fake PAN card bcz., paypal verify your PAN card with the details provided by you within 3 business days. paypal is no more fun.

 

RedWolf

BANNED

Jul 26, 2010

1,193

838

• Dec 6, 2010

• #10

paypal will not veri8y ur pan

u can use any pan
Posted via Mobile Device

 

S

sizzlers

Newbie

Apr 5, 2010

35

7

• Dec 6, 2010

• #11

If the account gets limited which is obvious for transactions above 1k,
the PAN card details entered will have to be verified with proof.

 

raj5151

Regular Member

Jan 25, 2009

247

143

• Dec 6, 2010

• #12

Paypal not verify ur pancard, but dont give fake pancard. This is RBI rule only.

 

J

joewebseter

Junior Member

Sep 26, 2010

165

45

• Dec 6, 2010

• #13

Can i verify what pan number i have given when i opened the account..

just wanna make sure that i have given fake...

I am not sure and have done some good amount of Transactions through paypal ..