For e.g. for Indian's there is 15% tax withholding. But one might need to provide a US IRS ITIN (otherwise 30% would be withheld). After withholding the net amount one receives will be taxed by the local government. If one has a bank account as a sole proprietor, one can show expenses and only the net profit (if any) is taxable. Best consult a CA.
On Apr 24, 7:01 pm, "Muthu Ramadoss" <[EMAIL PROTECTED]> wrote: > * and your residence in US must be less than 6 months for this to be > applicable. > > ** sorry, getting old. :-( > > On Thu, Apr 24, 2008 at 7:30 PM, Muthu Ramadoss <[EMAIL PROTECTED]> > wrote: > > > > > That information I gathered from my personal experience. When I was in F1B > > VISA (Students) in my Graduate Program as an Alien studying in US, there was > > a limit that you can earn and not pay taxes. > > > I am not sure if its 20k or 50k, but am sure there's a limit that you can > > slide by if you are foreigner earning money in USA. > > > Oh wait, now i remember more.. > > > and your residence in US must not be less than 6 months for this to be > > applicable. > > > Oh wait.. > > > CONSULT YOUR LAWYER PLEASE! > > > On Thu, Apr 24, 2008 at 6:38 PM, Incognito <[EMAIL PROTECTED]> wrote: > > > > Muthu, > > > Where did you get that you didn't have to pay taxes for up to $50k? > > > If that were true that would be great but I doubt it. US is probably > > > one of the worst countries that taxes its citizens to death. Ho well, > > > you cannot get something good for free. > > > > On Apr 23, 2:05 am, "Muthu Ramadoss" <[EMAIL PROTECTED]> wrote: > > > > There's a certain limit on the earnings that you can keep without > > > taxes.. > > > > like 50k or something per year. Not sure about the exact amount, but > > > > definitely winning the ADC Phase I would not make you liable to pay US > > > > taxes. > > > > > Anyone more informed than me, can clear this up? > > > > > Thanks. > > > > > On Wed, Apr 23, 2008 at 11:31 AM, Marc < > > > [EMAIL PROTECTED]> > > > > wrote: > > > > > > Hi Guys, > > > > > > If a winner is from a country other than US, is he/she still has to > > > > > pay taxes? I have no idea about taxation and things like that. > > > > > Somebody please explain.. > > > > > > Marc > > > > > -- > > > > take care, > > > > Muthu Ramadoss. > > > > >http://mobeegal.in > > > > find stuff closer. > > > -- > > take care, > > Muthu Ramadoss. > > >http://mobeegal.in > > find stuff closer. > > -- > take care, > Muthu Ramadoss. > > http://mobeegal.in > find stuff closer. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Android Challenge" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/android-challenge?hl=en -~----------~----~----~----~------~----~------~--~---
