Your Questions About Earn Money Through Internet In India

Donald asks…

How can I save Income Tax in India?

I am currently earning around $2000/mo (around Rs.90000). I earn this money online and I receive my payments to my verified Paypal account. From there I transfer it to my Indian Bank account. Since my earnings go beyond 5 lacs/yr I have to pay 30% tax. So, is there any way I can escape from paying tax or some way to save money.

Also I need to confirm one thing from you. Since I earn from another country (U.S.) should I still need to pay tax in India? By the way I am 22 yrs old, stay in India and not an NRI. I work from home through internet and receive payments.

I need your help. thanks in advance!

Nagesh answers:

Wherever you earn from. If the income is earned while residing in India you are eligible to pay income tax.
Every individual who earns an income in India is entitled to pay Tax on the Income earned by him during that financial year to the government of India. Calculation of the Income Tax to be paid by an individual is a cumbersome process. The government of India provides certain benefits to its citizens who earn an income in the country by means of deductions, exemptions etc.

To know about the taxation laws visit: http://anandvijayakumar.blogspot.com/2008/10/normal-0-microsoftinternetexplorer4.html

Every Indian who earns an income in India is entitled to pay tax on his income. As per the Indian tax laws we the tax payer is allowed to save his income tax by using the provisions under Sec 80C of the tax laws. To know how to save income tax through investments visit: http://anandvijayakumar.blogspot.com/2008/10/saving-income-tax-through-investments.html

cheers,
Anand
http://anandvijayakumar.blogspot.com
Mail me at anandvijayakumar@ymail.com if you have any further queries

Lisa asks…

Internet based Part time jobs?

Hai I am a college student (from INDIA), my friend told me to join and create an account in

www.captcha2cash.com
to earn some money …..

Normally I don’t believe in Internet based jobs like this,
The job’s nature is to type the words which are given in the website & for each word they are paying “0.002 $” through “LIBERTY ACCOUNT”.
I also don’t know what is mean by “LIBERTY ACCOUNT” and how is it possible to pay me though “LIBERTY ACCOUNT” if I serve them.

Whether I CAN TRUST them or NOT.

If I can trust, please guide me & tell what are the steps to go through and if you know some other internet based jobs, please guide me…..

Nagesh answers:

Liberty is a website name(liberty reverse)They are the partner of that website.They will pay via libery also..liberty is a company like paypal….Don’t go for any website which pay you in dollar except adsense,adbrite,cj etc….Anyone can give the links which may be real or fake…But how you will know that how it will work..how they will pay you , what is their profit and which site is real?
Actually online earning is not to easy nor so hard..Its depend upon your serious work…
For more information related to online earning visit http://www.smartjobforyou.blogspot.com
or
http://www.allabouttheworld.synthasite.com/info

Nancy asks…

File a case against Citi Bank|Feeling helpless | My Account Was closed for no reason| Consumer court?

Hi every one,
Thanks for your help and suggestions.

Here i would like to describe my helpless situation.
I had some urgent and critical financial need so took a Personal Loan urgently to fulfill my need and got it deposited in my account.
when it came to transferring Money to my parents account, i found my user name/password was not active any more.
SO in the evening i went to ATM and thought of withdrawing money and transfer through Core-banking(Directly depositing Money into my Father’s account), but to my surprise, my ATM card did not work. since i did not have check books, so i had no option left.
so i called customer care, and to my disbelief, they said, my account is closed, My saving is zero since they had made a draft for my remaining amount and sent it to my Mailing address.
i escalated the issue to Relationship manager and he said due to OPERATIONAL ERROR, My account got closed.
and after 2 days of escalation, they activated my account. but they said, i cant use my ATM since they are closed now.
only options i have are
———To wait for my ATM card.
———I cant use online facility as well, as they are sending new Internet banking user name/password

Meanwhile, all the post dated cheque i had given to others(since i have takes couple of loans) got bounced.

so for the last 5 days, i do not have access to my OWN hard earned money in such a critical situation. i am salaried person.
my credibility has gone down so if my morale.
i am still waiting for my ATM and user name/password.
i have never felt so helpless in my life.

Please help.
can i ask for compensation now?can i sue citi?
should i approach consumer court?

please help.
Rakesh From New Delhi(India)

Nagesh answers:

They should be able to reimburse you. If you had checks that were scheduled to come out around the time this happened and they already admitted it was an error, they need to reimburse you.

Ken asks…

individuals are not allowed to deposit money in overseas or domestic forex brokers!!?

hi, this is the new rule given by reserve bank of india

The Reserve Bank of India has today clarified that remittance in any form towards overseas foreign exchange trading through electronic/internet trading portals is not permitted under the Foreign Exchange Management Act (FEMA), 1999. The Reserve Bank has also clarified that the existing regulations under FEMA, 1999 do not permit residents to trade in foreign exchange in domestic / overseas markets.

Residents are, however, permitted to trade in currency futures and options contracts, traded on the stock exchanges recognised by the Securities and Exchange Board of India (SEBI) in India, subject to the conditions specified by the Reserve Bank from time to time.

Background

The Reserve Bank had noticed advertisements issued by electronic / internet portals offering trading or investing in foreign exchange with guaranteed high returns. Many companies even engage agents who personally contact gullible people to undertake forex trading/ investment schemes and entice them with promises of disproportionate / exorbitant returns.

The Reserve Bank of India cautions the public not to remit or deposit money for such unauthorised transactions. The advice has become necessary in the wake of many residents falling prey to such tempting offers and losing money heavily in the recent past.

now i was wondernig –
Say one earns $ 1000 every week for at least 5-6 weeks starting with a $1000-1500 account, which is easily possible in forex trading.
Are there any rules for inward remittance or i can just keep withdrawing the money as it comes?
Is there any upper cap as to how much i can receive in an year ?
I ask cos i can easily deploy $3-4k for forex trading, andi am not breaking the above rule because
Rest assured, RBI or any local legal body will not penalize me for bringing money into the country. It is only the outward remittance that is being frowned upon. ?? right? ????????? because only sending money outside is not allowed but can i withdraw as money comes?

Nagesh answers:

Sounds like they are saying you can’t trade the Forex if you live in India.. Period. Sounds like all they are allowing is for you to trade the Futures and Options versions of the market. I think there is a such thing as “futures” for currency? Anyway, but the way I read this, it basically says that Forex trading is not allowed in India. If that’s true, then that’s pretty sad.

Mandy asks…

Want information about computer sector…..?

I am 22 years old from India. Previously I was preparing for MBA but due to Money problem I was not able to take admission. Now I want to start my career as early as it can be possible…

Please tell me some short term courses in computer or in any other field from which i can benefit. I cant spend much money. In computer which course i will do that will be short term and also help me to make my career. .., Which online courses can help me.?

Please tell me some websites from which i can get help. How can i earn through the help of Internet.

I am from India.

My email id is
abhisharma59@gmail.com

Nagesh answers:

Hi,

My dear friend one thing i want to say you is that. Its better to learn then earn. Because if you start earning then you will be unable to learn.

But as you said about yourself it is quite difficult to study also. In my point to view you can work in call center to earn some money for your studies.

If you want to do some short term course in IT Sector then it is quite difficult because in IT Sector. No course is short term. If you want to do some course i will recommend to NETWORKING or .NET because easy to learn and much to earn.

And you can do this course from NIIT also. And one more thing is that you can pay in installments.

One more thing no one will explain you this thing that’s why i am explaining you . Give your everything to studies because any of the day it will pay you a lot. And always trust on GOD. He is there to help you always.

Because i am also one of you.
All the Best my brother.

*******************************************************************************
NOTE:- If you like my answer please rate it.
*******************************************************************************

PRASHANT
SOFTWARE ENGINEER

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Thursday, March 22nd, 2012 Money Making Schemes

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