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INDIAN paypal question

Discussion in 'Business & Tax Advice' started by fbfbfb, Dec 1, 2010.

  1. fbfbfb

    fbfbfb Jr. VIP Jr. VIP Premium Member

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    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
  2. fbfbfb

    fbfbfb Jr. VIP Jr. VIP Premium Member

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    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..?
     
  3. whomi

    whomi Newbie

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

    bawejaan Registered Member

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    no it will be in INR.
     
  5. TwistedMarketing

    TwistedMarketing Regular Member

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    Submit a fake PAN card number.
     
  6. TwistedMarketing

    TwistedMarketing Regular Member

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    Someone please delete all his 16 non-sense posts. :buttkick:
     
    • Thanks Thanks x 1
  7. virtualc08

    virtualc08 Supreme Member

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    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
     
  8. truepals_forever

    truepals_forever Senior Member

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    + 1 ..
     
  9. scorpion king

    scorpion king Senior Member

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    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.
     
  10. RedWolf

    RedWolf BANNED BANNED

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    paypal will not veri8y ur pan

    u can use any pan
    Posted via Mobile Device
     
  11. sizzlers

    sizzlers Newbie

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    If the account gets limited which is obvious for transactions above 1k,
    the PAN card details entered will have to be verified with proof.
     
  12. raj5151

    raj5151 Regular Member

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

    joewebseter Junior Member

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    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 ..