Online money Transfer For income tax

Dear sir jo log online money trasfer wala work karte hai to unke account mein bahut lamba transaction ho jaata hai to income tax me uska kis tarah return file karna hota hai puri detail me jankari dijiye
Replies (2)
Quick Summary
This discussion addresses how individuals involved in online money transfer services should file their income tax returns. It explains that commission income from this work can be declared under 'Income from business and Profession'. Keeping a separate bank account for business transactions is also recommended. One user also shares an alternative perspective, mentioning their shift to online work that is currently not taxed.

You can show your Commission income from this business (i.e Money transfer business) as "Income from business and Profession" in your income tax return.
It's advisable to keep separate bank account to do all this business transaction which is done in course of business (i.e on behalf of Customer)

I have never liked this kind of work precisely because I have to pay taxes. I switched to working on the Internet a long time ago, which is not taxed yet. Hopefully there won't be any changes about this soon. I spent a huge amount of time looking for a good service that would allow me to earn money, but by chance I found a topic from one guy who said that you can play free online games to earn money. It really interested me and I decided to try it. In the end, it turned out that this is really an excellent method of making money online, if you want, you can get acquainted with it without any problems!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details