Outcome of PAN number in paypal
By neha_jain
@neha_jain (93)
India
March 20, 2010 8:34am CST
I have entered Pan number in paypal. How is it going to affect the payments received and sent in paypal? Since PAN number is needed for income tax,do we have to do anything extra regarding the same?
1 response
@pratheep87 (1227)
• India
15 Apr 10
Yes if you have other source of income which can exceed the Income Tax limit you have to pay tax for this online earnings also. I dont think our income tax will concentrate on this same income it was brought for importer and exporters.
