List of useful purpose codes for Google AdSense and blogging income

Did you get a notice from your bank to give the purpose code for receiving Ad Sense revenue or income from blogging? Here is the list of important purpose codes for all online incomes and FOREX Transactions set by RBI below.

As per revised banking rules and regulations, the Reserve Bank of India (RBI) has enforced banks to specify a purpose code for various FOREX transactions which includes money transfer to/from abroad. Since AdSense payments are issued from outside India, banks in India have urged their customers via telephone to determine a purpose code for this income from abroad.

If you haven’t changed your ad sense payment method to International Wire Transfer (EFT) and prefer the Check payments, still your bank will ask for a purpose code for receiving such international income. Because the money finally gets credited to your bank account no matter what the medium is. Hence, the information given below is very useful for you.

Serial No	Code	Reference details
1	P1007	“Advertising, trade fair, market research and public opinion polling services"
2	P0802	“Software implementation (except in SOFTEX form)”
3	P0805	“News agency services”
4	P0017	“Sale of Intangible assets viz. patents, Copyrights, Registered Trademarks etc. by Indian companies”
5	P0803	“Data base, data processing charges”
6	P0806	“Other information services- Subscription to newspapers, magazines and periodicals”
7	P0901	“Franchises services – registered patents, Copyrights, Registered Trademarks, industrial processes”
8	P1008	“Research and Development services”
9	P1009	“Architectural, engineering and technical services”
10	P1011	“Inward remittance for maintenance of offices in India”

For the complete list of other various suitable purpose codes for adsense or blogging income, please log in to Reserve bank of India website. After closely reading the above table, it is clear that the P1007(Advertising, market survey, public opinion polls and trade fair etc) code is the most easy and suitable for ad sense income or classified advertising incomes. For software service providers like patent makers, website makers etc, P0802(Software Implementation) is the best suited. All review and content/article writers can use P0805(News Agency services) for their online income receipt.

For those who use P1011 code, here is a sample format to get FIRC document from your bank. Read some top tips to save Income tax on Google adsense and blogging income if you are worried about saving your hard earned money.

 If your ad sense wire transfer is delayed, approach the bank requesting to scrutinize the issue and fix it. Provide all the details and documents that your bank needs from you to enable the Wire EFT quicker. Use this sample letter format for International Wire Transfer to request bank to process your transaction at a faster speed.