
on 06-07-2005 06:31 PM
on 17-05-2013 03:08 PM
on 14-05-2014 09:55 PM
Hi
I am an ebay seller from Canada, my primary business is buying and selling unlock codes for cellphones online. Most of my suppliers are in Hongkong, China or USA. I am currently using my Paypal account in Canada to make payments to these suppliers however I want to transfer the business to India and so I made account with paypal in my dad's name who is settled in India. When I make payment to international suppliers they don't send me any tangible goods they only provide some unlock codes which are electronically transferred to the customers. Most of my customers are in USA, Canada and UK. They provide me payments on my paypal id.
For this kind of business do I need to obtain a government license from Govt. of India or if my DAD just files regular income tax on the income derived from this business it will be fine. I doubt that I would need to withdrawmore than $2500 per month from paypal Ac. It would be only in the range of $100 to $500 US.
Please give your opnion.
Samir