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Paichuu (Querist)
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09 February 2013 Hii I have started an online business in April 2012 which includes various services like social promotion, website promotion, content writing, blog posting etc etc..... and Now this FY is about to end ....and I dont know what to do regarding income tax ......money is directly transferred from US to my Indian Bank account in RUPEES. Its Feb and my total income till date is around 6Lakh....So i m in 20% bracket ..... Could anybody please help me what to do now .... or If anyone refer me an accountant or anyone in delhi who can help me on this issue.... P. S. My both US account And Indian account is linked to my PAN card so every single paisa is white and legal!! and in eyes of Indian government. Please help thanksss

Soumitra Basu

Soumitra Basu (Expert)
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10 February 2013 YOU SHALL BE ENTITLE TO CLAIM EXPENDITURE FROM THE RECEIPTS.
YOU MAY DEPOSIT RS. 1 LAC IN TAX SAVINGS INVESTMENTS.
YOU MAY PULL DOWN YOUR INCOME IN 10% BRACKET.