1. #1
    Unregistered

    If I am doing a networking business from home, I am liable to pay taxes?

    I am doing a networking business of work from home types in which I have to co-ordinate with 65 people at once and manage their work. I am being paid for it every month which is distributed among me and the team. Will my such kind of payment be taxable or not?

  2. #2
    savneybillford Array
    Join Date
    Mar 2013
    Posts
    68

    Re: If I am doing a networking business from home, I am liable to pay taxes?

    Dear guest,Right now there are several networking businesses. They usually fetch huge amounts too. The amounts that you get from them is taxable. However your tax is usually paid at the source. It is called as TDS or Tax Deducted at Source. So before sending you the amount the company reduce the tax amount and sends you only the amount with tax being deducted.You don't have to pay anything.Thank you...

  3. #3
    ANUJTHAKUR Array
    Join Date
    May 2013
    Posts
    34

    Re: If I am doing a networking business from home, I am liable to pay taxes?

    HELLO..............
    REF:If I am doing a networking business from home, I am liable to pay taxes?

    NETWORKING BUSINESS IS VERY GOOD BUSINESS IN CURRENT TO EARN GOOD MONEY. IF THE TRANSATION OF NETWORKING THROUGH BANK AND OTHER RECORD THE ALL TRANSATION WILL BE TREATED AS YOUR ALL ANNUAL INCOME. OTHER WISE IN CASE OF CASH TRANATION YOU AVOID FROM TAXABLE INCOME. IN CASE OF GOOD TEAM NETWORK IF YOU PAY SOME TAX THEN NO PROBLEM.

  4. #4
    john215 Array
    Join Date
    Jan 2013
    Posts
    796

    Re: If I am doing a networking business from home, I am liable to pay taxes?

    Re: If I am doing a networking business from home, I am liable to pay taxes?

    Hi friends,

    I think Right now there are several networking businesses.
    They usually fetch huge amounts too.
    The amounts that you get from them is taxable.
    However your tax is usually paid at the source.
    It is called as TDS or Tax Deducted at Source.
    So before sending you the amount the company reduce the tax amount and sends you only the amount with tax being deducted.
    You don't have to pay anything.

    Thanks!!!
    ALL THE BEST............

+ Reply to Thread

Similar Threads

  1. Are employees liable to pay if they leave the job after being trained?
    By Unregistered in forum Professional Discussions
    Replies: 2
    Last Post: 27-07-2013, 09:18 PM
  2. Replies: 1
    Last Post: 23-05-2013, 06:19 AM
  3. Are business networking functions really important?
    By Unregistered in forum Professional Discussions
    Replies: 1
    Last Post: 25-01-2013, 06:34 PM
  4. Am I liable to pay tax if I take my salary as cash?
    By Unregistered in forum Professional Discussions
    Replies: 2
    Last Post: 02-01-2013, 12:09 AM
  5. Am I liable to pay extra if I work for a candidate who is on leave?
    By Unregistered in forum Professional Discussions
    Replies: 2
    Last Post: 15-12-2012, 10:39 PM