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.

Useful and Important Tips for saving tax on AdSense or advertising income

It is one of those bitter truths that blogging income is different by no means from any other income. You are required to honestly reveal your online income while filing your income tax returns and pay the tax amount according to the tax category you belong to. There are  lot of ways to reduce your tax burden like tax saver Life Insurance policies, tax saver fixed deposits offered by banks, giving charity/donations to registered NGOs/Charitable trusts/Orphanage Trusts having a verified registered No and PAN number, paying mortgage interests, participating in various other long term investment plans etc. DO NOT forget to demand/collect your receipt of the donation amount you make from these organizations. Because that is your first real evidence for save tax. Various well known tax saving tips are easily found over the web, but here we are trying discuss some of the concrete ideas and tips that can really help you in saving your income tax burden forever if you are a regular online blogger or ad publisher.

Government makes service tax mandate for online advertising in India

In the 2014-2015 financial budget, the Union finance minister has proposed service tax for online advertising in websites and blogs. Read this article to know more about the service tax for advertising, which includes Google AdSense and other online advertising programs and platforms.

Few days ago, the finance minister of India brought out the budget for 2014-2015 F.Y and it has got some news for the bloggers, content writers and also online advertisers. Perhaps for the first time, online advertising has been removed from the negative list of service tax exemptions and tagged under the taxable incomes. This implies that Indian bloggers, online article writers and online ad publishers will have to deduct service taxes from their over limit incomes and  clients respectively and pay to the Government treasury.

Sample format to apply and get FIRC document for Indian bloggers

Are you an online ad publisher/blogger in India and your online income comes from abroad? If so, then you need to produce your Foreign Inward/Income remittance Certificate while filing Income tax return. Here is a sample application document to request for a FIRC document in India.

Getting the FIRC document is very simple. Only you have to use specific format as prescribed by your Bank. For specific FIRC formats of  all banks in India, please pay a visit to your bank’s branch at your location and inquire about the same. I am sure you will be helped Insatntly.

Given below is only sample guidance for getting your FIRC document. If it does your needful, the pleasure is all mine.

SuperDuper Mac OS backup and restore software review and features

Read this article to know all about the review of backup and restore software for Mac- SuperDuper.  Also understand its specialized features, know exactly what 'super' software can do and how can it safeguard your data on Macintosh OS by creating complete or partial backups.

This is happy news for all the Mac OS users. SuperDuper is nothing but a backup app for Mac to take full or incremental backups which we all generally are well aware of. But the unique thing of SuperDuper is that it can create bootable clones of backups of a startup drive which no other expert app or can perhaps do. So, those tech saavy persons who are very concerned about their system security by making enough backups of Data on their Mac platforms, can now relax and chill because SuperDuper can solve their problem completely.

CGEWHO Government Housing Scheme application details for Kharar Mohali Punjab Phase II project

Looking for a budget home in Kharar, Mohali, Punjab? Applications are invited from the general public for the Central Government Employees Welfare Housing Organization (CGEWHO) housing scheme at Kharar, Mohali, Punjab in the Phase II project. Read this article which provides complete information regarding the features of the project, cost of the homes and how to apply for the scheme.