I have set up a website and i plan to earn through it, are their any legal issues invovled, i reside in india.

Question

I specifically want to ask about registering my website and taxes on the income involved.

Answer 1

Hi.

There is no legal issue starting with a website and earning through it. as far taxes are involved, you are required to collect service tax if your annual sale is more than 8 lacs, otherwise, below it you are not required to file service tax, rest, if you operate on your company, name, its same as like you do normal business. So no additional requirements. however, there is no additional requirement for web based business in legal system. In order to register your website, you only need to register it with ICANN approved registrar, you can find list of them at http://www.moneybulls.com/webhostings.ht... .

registering a business would only cost Rs.400-rs. 500 per year. but this does not include additional cost of hosting and development charges. for more information on starting a web based business, you can get in touch with online business experts at [e-mail] , they will provide you complete advice free of cost, how you can set up a legal status website, keeping it safe from being listed among fake or fradulent websites operating from india.

regards

MIKE,

Business Consultant, moneybulls.com

http://www.moneybulls.com

a Business Promotion company

Answer 2

Regular income tax for income you make via websites. That is all.