banner_ad

Is money received through paypal after working with websites considered as foreign income.

Tax queries 1837 views 3 replies

Hi guys, newbie here.

I wanted to ask you guys that I earned some INR 75K in fy 2015-16 doing online tasks like surfing websites, affiliate marketing etc. I received money through PayPal in USD which converted it into INR and sent to my bank.

1.   Now I'm afraid that according to new black money act we have to declare any amount of foreign income and if income from PayPal is considered as foreign income then I might get penalized for not disclosing foreign income. Please tell me whether it's considered foreign income.

2.      how do we categorize such income, asa business income or as 'other income'??

3. If we have to show it as business income then did I need to have my books audited for showing loss (if I had filled itr in fy2015-16)??

4. Also if tax slabs for foreign income is same as they are  domestic Income or different??

 

 

Thanks and please help guys. Very desperate fellow law abiding citizen.

 

Replies (3)
1. It is foreign income
2. It is business income
3. If loss, audit is required
4. Slabs for foreign income is same
all foreign/indian income in india for resident , is income taxable in India pl.
good clarification and information


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details