- Author was Featured
- Bought between 10 and 49 items
- Exclusive Author
- Has been a member for 2-3 years
- Microlancer Beta Tester
- Sold between 10 000 and 50 000 dollars
somebody tell me indian author of graphicriver need to pay income tax. Who’s income generated from graphicriver or themeforest.
- Exclusive Author
- Item was Featured
- Author was Featured
- Author had a File in an Envato Bundle
- Has been a member for 4-5 years
- Sold between 100 000 and 250 000 dollars
- Repeatedly Helped protect Envato Marketplaces against copyright violations
- India
Yes sir, this is taxable income.
- Author was Featured
- Bought between 10 and 49 items
- Exclusive Author
- Has been a member for 2-3 years
- Microlancer Beta Tester
- Sold between 10 000 and 50 000 dollars
- Microlancer Beta Tester
- Exclusive Author
- Bought between 1 and 9 items
- Has been a member for 2-3 years
- Referred between 10 and 49 users
- India
- Sold between 10 000 and 50 000 dollars
haicamon said
under which category this income include and which form i have to submit for this..
+1
- Microlancer Beta Tester
- Sold between 10 000 and 50 000 dollars
- Interviewed on the Envato Notes blog
- Most Wanted Bounty Winner
- Repeatedly Helped protect Envato Marketplaces against copyright violations
- Exclusive Author
- Has been a member for 3-4 years
- United States
- Referred between 1 and 9 users
VF said
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?
- Australia
- Bought between 100 and 499 items
- Exclusive Author
- Has been a member for 2-3 years
- Interviewed on the Envato Notes blog
- Microlancer Beta Tester
- Sold between 1 000 and 5 000 dollars
Get an accountant
- Sold between 250 000 and 1 000 000 dollars
- Has been a member for 2-3 years
- Author was Featured
- Bought between 100 and 499 items
- Exclusive Author
- Item was Featured
- Referred between 50 and 99 users
- Won a Competition
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.
- Has been a member for 0-1 years
- Exclusive Author
- Microlancer Beta Tester
- Sold between 5 000 and 10 000 dollars
- India
- Author was Featured
- Bought between 1 and 9 items
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.
- Microlancer Beta Tester
- Sold between 10 000 and 50 000 dollars
- Interviewed on the Envato Notes blog
- Most Wanted Bounty Winner
- Repeatedly Helped protect Envato Marketplaces against copyright violations
- Exclusive Author
- Has been a member for 3-4 years
- United States
- Referred between 1 and 9 users
Not sure freelancers need to pay tax though.
- Exclusive Author
- Item was Featured
- Author was Featured
- Author had a File in an Envato Bundle
- Has been a member for 4-5 years
- Sold between 100 000 and 250 000 dollars
- Repeatedly Helped protect Envato Marketplaces against copyright violations
- India
ShermanJackson said
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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