42 posts
    Has been part of the Envato Community for over 3 years Has sold $40,000+ on Envato Market Has been a beta tester for an Envato feature Has collected 10+ items on Envato Market
+2 more
haicamon says

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

5894 posts
    Sells items exclusively on Envato Market Elite Author: Sold more than $75,000 on Envato Market Has sold $125,000+ on Envato Market Has been part of the Envato Community for over 6 years
+8 more
VF says

Yes sir, this is taxable income.

42 posts
    Has been part of the Envato Community for over 3 years Has sold $40,000+ on Envato Market Has been a beta tester for an Envato feature Has collected 10+ items on Envato Market
+2 more
haicamon says

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


Yes sir, this is taxable income.
152 posts
    Has referred 10+ members Has sold $40,000+ on Envato Market Has been a beta tester for an Envato feature Has collected 1+ items on Envato Market
+3 more
jdsans says

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

+1

1839 posts
    Has referred 10+ members Has sold $40,000+ on Envato Market Has been a beta tester for an Envato feature Has collected 50+ items on Envato Market
+7 more
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?

5461 posts
    Has been part of the Envato Community for over 4 years Has referred 1+ members Located in Australia Has sold $1,000+ on Envato Market
+4 more
Australia says

Get an accountant

271 posts The Dominant One
    Has referred 50+ members Has sold $250,000+ on Envato Market Has collected 100+ items on Envato Market Elite Author: Sold more than $75,000 on Envato Market
+5 more
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.

437 posts here for love
    Has referred 10+ members Has sold $125,000+ on Envato Market Has been a beta tester for an Envato feature Has collected 1+ items on Envato Market
+7 more
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.

1839 posts
    Has referred 10+ members Has sold $40,000+ on Envato Market Has been a beta tester for an Envato feature Has collected 50+ items on Envato Market
+7 more
ShermanJackson says

Not sure freelancers need to pay tax though.

5894 posts
    Sells items exclusively on Envato Market Elite Author: Sold more than $75,000 on Envato Market Has sold $125,000+ on Envato Market Has been part of the Envato Community for over 6 years
+8 more
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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