SHALL I PAY INCOME TAXES??? Help Me!

Soumendra Jena (Joomla Developer) (42 Points)

15 September 2008  

Hello friends,im a Web Developer and im 21 yrs of age..

Actually,im a student of Aeronautical Engg,but since i have stepped into this Web World,i never looked back and im earnign a good deal now.

I have my own bunch of clients and i make around 1,20,000 INR a month now..

It keeps on fluctuating from 80000- 120000 INR...

Well,all those money are sent by my clients from all over the world to ym PAYPAL account and i withdraw this money to my ICICI or HDFC bank accounts..

Now,its a story of 6 months,since i ahve been working...

Now,i have my own MARUTI SWIFT car,all from my own money. Since,i had no PAN card,i bought in the name of my Mom and i  use to pay the installment worth 16,000 INR..

So my monthly committments go upto 40000- 50000 INR..

AT the end of the month,i always have just 50k or so.

Now,my query is that,SHALL I PAY INCOME TAXES?????

I really dont want to pay any taxes to this sh*t government...

Get me some idea,how to get out of this sh*t???

Im ready to do investments and mutual funds,etc   ,but wont pay Re1 as taxes....

SUGGESTIONS PLZ...