54 posts
  • Has been part of the Envato Community for over 4 years
  • Has sold $40,000+ on Envato Market
  • Has been a beta tester for an Envato feature
  • Has collected 50+ items on Envato Market
+2 more
haicamon
says

somebody tell me indian author of graphicriver need to pay income tax. Who’s income generated from graphicriver or themeforest.

6224 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+11 more
VF
says

Yes sir, this is taxable income.

54 posts
  • Has been part of the Envato Community for over 4 years
  • Has sold $40,000+ on Envato Market
  • Has been a beta tester for an Envato feature
  • Has collected 50+ items on Envato Market
+2 more
haicamon
says

under which category this income include and which form i have to submit for this..


Yes sir, this is taxable income.
155 posts
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
  • Has been a beta tester for an Envato feature
  • Has collected 1+ items on Envato Market
+3 more
jdsans
says

under which category this income include and which form i have to submit for this..

+1

1851 posts Evolve or Dissolve!
  • Became a Top 20 Author of the Month
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $75,000+ on Envato Market and is now an Elite Author
  • Sells items exclusively on Envato Market
+9 more
ShermanJackson
says

Yes sir, this is taxable income.

Umm, I get my money through paypal, straight to the bank. How do I go about paying the necessary tax?

5492 posts
  • Has been part of the Envato Community for over 5 years
  • Has referred 1+ members
  • Located in Australia
  • Has sold $1,000+ on Envato Market
+5 more
Australia
says

Get an accountant

272 posts The Dominant One
  • Has referred 50+ members
  • Has sold $250,000+ on Envato Market
  • Has collected 100+ items on Envato Market
  • Became a Top 20 Author of the Month
+6 more
wptitans
says

pay it under IT services/ maintenance , you don’t need to pay service tax. It is only applicable if you are getting money in India for services rendered.

489 posts here for love
  • Became a Top 20 Author of the Month
  • Has sold $250,000+ on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Won a competition
+8 more
nCrafts
says

Yes, you have to pay tax on it. In most cases, it will come under income from business / profession. If you have a day job, I’d recommend you show it under income from other sources.

As regards the service tax – yes, you are liable to charge and pay service tax on it. The ST, VAT and Excise provisions relating to software are very complex. If you are earning a substantial amount here, you better get a good tax accountant.

1851 posts Evolve or Dissolve!
  • Became a Top 20 Author of the Month
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $75,000+ on Envato Market and is now an Elite Author
  • Sells items exclusively on Envato Market
+9 more
ShermanJackson
says

Not sure freelancers need to pay tax though.

6224 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+11 more
VF
says

Not sure freelancers need to pay tax though.

Freelancing comes under “Profits and gains of business & profession” and so filing tax returns is necessary. Definitely you need a tax consultant.

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