shrimantasarkar30
KF Rookie
I operate a recharge service, where I add funds to my Amazon Pay balance using my Punjab National Bank (PUNB) savings account (Jan Dhan Yojana). I earn a 3% commission on recharges. Customers transfer funds to my PUNB account via UPI.
My monthly receipt from customers is approximately ₹60,000 (₹2,000 x 30), and my annual receipt is around ₹7.2 lakh (₹60,000 x 12).
I would like to know:
1. Do I need to file income tax returns for receiving these funds?
2. What tax liabilities do I have, if any?
3. Are there any specific tax compliance requirements I need to fulfill?
Please advise me on the necessary steps to ensure I am tax-compliant.
My monthly receipt from customers is approximately ₹60,000 (₹2,000 x 30), and my annual receipt is around ₹7.2 lakh (₹60,000 x 12).
I would like to know:
1. Do I need to file income tax returns for receiving these funds?
2. What tax liabilities do I have, if any?
3. Are there any specific tax compliance requirements I need to fulfill?
Please advise me on the necessary steps to ensure I am tax-compliant.
