If your bank asks to provide detailed data and
documents like FIRC
and a letter explaining describing your online website/blog details like give
below, then you can use it and submit to your bank to receive Ad
Sense payment through EFT. Replace all the data in blue with
your own correct details/parameters. You can also attach a printed copy of your adsense
payments from your adsense account for banks to confirm/add authenticity.
Aditya's Classified Blog - The Hub of Self-Explorations, Travel Diaries, Researches, Reviews, Opinions and Knowledge
Saturday, July 19, 2014
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.
Friday, July 18, 2014
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.
Wednesday, July 16, 2014
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.
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