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Thursday, January 22, 2009

Adsense Tax

Google Adsense publishers need to pay income tax on advertising earnings in India, but there are mixed views about paying service tax in addition to income tax on these online advertising revenues in India. As more bloggers from India are generating higher revenues from advertising on their sites, it becomes an important issue.

Many chartered accountants, who are also tax experts, are not clear if service tax needs to be paid on Google Adsense earnings or similar online advertising revenues in India. Some say online advertising or “renting or selling space online” has been included in the service tax ambit since last year and you need to pay service taxes.

Service tax charged is a huge sum of 12% on your total income. Then you pay income tax on the rest of income also as per the finance budget taxation guidelines. Many see this as a double taxation on their earnings. If you fail to pay your taxes on time, then heavy interest and tax penalty can be levied.

New tax payers need to apply for a service tax number and then pay service tax every quarter along with advance income tax returns. Till last year, if your total income was less than Rs. 4 lakhs, then you need not pay service tax. I believe this limit has been raised to Rs 8 lakhs in this financial year, but you need to check this with your accountant. So only big bloggers and websites are affected.

Ad units

Available Types and Formats

Currently, AdSense offers text only, image, video ads, link units, and referral buttons in a variety of shapes and sizes. Note that some ad sizes only support text or images:

Text, Image, and Video Ads:
728 x 90 Leaderboard
468 x 60 Banner
234 x 60 Banner
160 x 600 Wide Skyscraper
120 x 600 Skyscraper
120 x 240 Vertical Banner
336 x 280 Large Rectangle
300 x 250 Medium Rectangle
180 x 150 Small Rectangle
250 x 250 Square
200 x 200 Small Square
125 x 125 Button

Link Units:
728 x 15
468 x 15
200 x 90
180 x 90
160 x 90
120 x 90

ID’s required to claim your Western Union money

Adsense Money Get By Western Union Money - ID Required all these

Passport
Driver’s license
Professional Regulations Commission (PRC) ID
National Bureau of Investigation (NBI) clearance
Postal ID
Voter’s ID
Government Service and Insurance System (GSIS) e-Card
Social Security System (SSS) card
Senior Citizen Card
Administration (OWWA) ID
OFW ID
Seaman’s Book
Alien Certification of Registration
Armed Forces of the Philippines (AFP)
Firearm license
Employment ID issued by an official authority
Students who are beneficiaries of an OFW and who are not yet of voting age may additionally produce a photo-bearing school ID signed by the principal or head.