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haicamon says

somebody tell me indian author of graphicriver need to pay income tax. Who’s income generated from graphicriver or themeforest.

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VF says

Yes sir, this is taxable income.

42 posts
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haicamon says

under which category this income include and which form i have to submit for this..


Yes sir, this is taxable income.
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jdsans says

under which category this income include and which form i have to submit for this..

+1

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ShermanJackson says

Yes sir, this is taxable income.

Umm, I get my money through paypal, straight to the bank. How do I go about paying the necessary tax?

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Australia says

Get an accountant

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wptitans says

pay it under IT services/ maintenance , you don’t need to pay service tax. It is only applicable if you are getting money in India for services rendered.

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nCrafts says

Yes, you have to pay tax on it. In most cases, it will come under income from business / profession. If you have a day job, I’d recommend you show it under income from other sources.

As regards the service tax – yes, you are liable to charge and pay service tax on it. The ST, VAT and Excise provisions relating to software are very complex. If you are earning a substantial amount here, you better get a good tax accountant.

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ShermanJackson says

Not sure freelancers need to pay tax though.

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VF says

Not sure freelancers need to pay tax though.

Freelancing comes under “Profits and gains of business & profession” and so filing tax returns is necessary. Definitely you need a tax consultant.

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