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  #1  
Old 01-09-2015
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Default paypal to indian bank account

hello every one good evening,

i have some doubt some one please clarify....


1. i am selling on eBay and my money going through Paypal(indian adress) to indian bank. till now i sold around 500 dollers , but everthing safetly went to bank.

i am planning to sell more items and get more money.

how much i can sell in droller value to be on safe side and not paid tax to us government, i dint have a SSN also. i am a student,


thank you.
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  #2  
Old 01-10-2015
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Default Re: paypal to indian bank account

any one give some answer please, its confused for me , thank you
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Old 01-10-2015
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Default Re: paypal to indian bank account

You only need to worry about the SSN if you have a US paypal account. From what youre saying it sounds like you have an Indian paypal account (with an Indian address and bank account) so you don't need to worry about the SSN - obviously.
According to regulations in the US any account that received more than 20,000 in a given year needs to report and paypal will ask for the SSN if the account has reached that or is projected to reach it. I don't know if you there is a similar regulation in India - that is something youll need to find out by calling in or reading through the ToS for your specific account and the country it is registered in.
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Old 01-10-2015
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Default Re: paypal to indian bank account

Quote:
Originally Posted by slokor View Post
You only need to worry about the SSN if you have a US paypal account. From what youre saying it sounds like you have an Indian paypal account (with an Indian address and bank account) so you don't need to worry about the SSN - obviously.
According to regulations in the US any account that received more than 20,000 in a given year needs to report and paypal will ask for the SSN if the account has reached that or is projected to reach it. I don't know if you there is a similar regulation in India - that is something youll need to find out by calling in or reading through the ToS for your specific account and the country it is registered in.
Incorrect info.

Nope, the OP is a student in the USA trying to use paypal USA.

At one point he was using his Mother's bank account on paypal too. Maybe not for this account.


Last edited by GreenBean; 01-10-2015 at 04:11 PM.
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Old 01-10-2015
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Default Re: paypal to indian bank account

How does a US account have an Indian address and have an Indian bank account attached...?
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Old 01-10-2015
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Default Re: paypal to indian bank account

first i am using my mother account ( Paypal india+indian bank account)

second new stealth account on my name ( Paypal india+ indian bank account)

i am using both account address everything from India, but eBay USA address.

i already attached my ssn in india its name called PAN NUMBER.

I CANT ATTACH MY USA BANK ACCOUNT BECAUSE AS A STUDENT YOU CANT DO BUSINESS IN USA

Last edited by venu19811@gmail.com; 01-10-2015 at 04:24 PM.
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Old 01-10-2015
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Default Re: paypal to indian bank account

So as I thought the paypal account is an Indian account. NOT a US one.
Is the ebay account registered in India or the US?
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Old 01-10-2015
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Default Re: paypal to indian bank account

Usa ebay account.
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Old 01-10-2015
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Default Re: paypal to indian bank account

Interesting situation.
Frankly Im surprised your account lasted so far with the current setup.
I think you might have to call up to get more info on this.
As it is though the tax authorities in the US will not ask for anything until you reach 20,000 per year - which does not seem to be the case so you don't need to worry about it for now.
But that setup seems shaky so I would get some backup stealth accounts going - with all US information since youre in the US and are able to open a US bank account.
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Old 01-10-2015
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Default Re: paypal to indian bank account

i already have us bank account, but the problem is as a student you cant do any business here, that's why i gave all my Indian address.

you know something. i called eBay 3 days back with this account i raised the selling limit 10 to 100 now,

eBay asked your Paypal address and eBay address does not match?

i told i am currently staying in USA.
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Old 01-10-2015
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Default Re: paypal to indian bank account

OP is asking how to avoid paying tax to the government it looks like - a question that is not in good nature of this forum either...
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Old 01-10-2015
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Default Re: paypal to indian bank account

Quote:
Originally Posted by rsot View Post
OP is asking how to avoid paying tax to the government it looks like - a question that is not in good nature of this forum either...

if i am a us citizen i will pay tax, that is not a problem for me. what ever i am earning through eBay to my Indian account i i have to pay tax.


what i am asking i need to pay a tax to USA for selling products in eBay USA

in india if you less then earn 5 lakh rupees( .around 6000 dollers) no tax.

but here i dont know thats why i am asking q?

my situation is like that. i love to sell on ebay. i like , i dont wnat to leave this business. thats why i am asking so many question to you all.
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Old 01-10-2015
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Default Re: paypal to indian bank account

Quote:
Originally Posted by venu19811@gmail.com View Post
my situation is like that. i love to sell on ebay. i like , i dont wnat to leave this business. thats why i am asking so many question to you all.
rsot likes to assume. Now he can complain we are juding him when he simply misread what you asked.

If you are earning monies in the USA, there is a chance you have taxes to pay.

Now, because this is not an area where most of us know all the requirements, I would suggest you look at this site

Internal Revenue Service

It is free to use and you can even ask the staff what your obligations are.

Better to do that than get into trouble in the future.

Good Luck.

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  #14  
Old 01-11-2015
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Default Re: paypal to indian bank account

thank you so much everyone
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Default Re: paypal to indian bank account

Get a student bank account at td bank or any other bank and get the money in usa account
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Old 01-12-2015
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Default Re: paypal to indian bank account

Quote:
Originally Posted by venu19811@gmail.com View Post
if i am a us citizen i will pay tax, that is not a problem for me. what ever i am earning through eBay to my Indian account i i have to pay tax.

what i am asking i need to pay a tax to USA for selling products in eBay USA
Technically speaking, Yes you should pay tax on sales generated in the USA on a US registered ebay account.

A good place to start is IRS publication 515. and publication 519 which covers Non-Resident Aliens. Its complicated. I am no tax expert. If you are only selling a few hundred or even a few thousand, you can probably not file as you can be considered a casual seller and the IRS most likely not come after you. If you are clearly running a business, then yes, the IRS expects you to pay taxes.

The kicker in your case is your paypal account is India domiciled. Since it is paypal that will ask your tax info to submit to the IRS, having it based in India avoids that part.

I don't think all these Chinese sellers are paying US taxes though. I am sure if you call the IRS they will "yes you have to pay us money."
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