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Answered by

Debashis Basu

Apart from 1.5 lakh tax saving in 80C, are there any means to save tax? Personal Income Tax

Please note that there are many expenses which are tax free.

Please look up the following link:

https://advisor.moneylife.in/savetax/essentials.html

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I have been developing android apps now i am going to launch them in play store as paid apps now what i want to know is suppose my app got more downloads and earned a lot how do i pay income tax. Personal Income Tax

You need to have a system of accounting as to how many people have paid, and then deduct your regular expenses and pay income tax. Please engage a tax expert to help you out.

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Ameet Patel Ameet N Patel is a chartered accountant and former President of Bombay Chartered Accountants Society - BCAS

Subodh V Shah CA Subodh V Shah is a Fellow Member of the ICAI. A merit ranker throughout his career, he stood 3rd in CA Intermediate and 17th in CA Final. In addition he also got the prize of ICAI for scoring the highest marks in Direct Taxes at CA Final. He is practicing Chartered Accountant as well as a teacher for over 20 years.

Ameya Kunte Ameya Kunte is a Tax Professional, Chartered Accountant & Co-founder - Taxsutra.com

Nikhil Vadia CISA qualified Nikhil Vadia is a Chartered Accountant in practice since 1997

Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on financial and tax related issues

Debashis Basu Debashis Basu is the co-founder of Moneylife, a CA by qualification with three decades of experience as a journalist and author of several books

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