Hello..
May I request only professional answer for following question..
.. and not ideas about what you think it would be..
THANK YOU.
so preferably
Any lawyer who understands electronic acts for India..I think its Electronic Act 6.0, not sure.
Any CA of modern age who understands what 'payment gateways' are
Eg. Paypal , Net teller
CONDITION:-
Say I use international forex broker who accepts margin through PAYPAL. Now, I upload money through paypal and make consistent profits and withdraw them to my attached bank account.
QUESTIONs:-
1) NOW, to withdraw money to my bank account from paypal, on paypal site, I have to give a reason .. say I give a reason "payment received from international client for intellectual services offered" ... DOES IT WORK?
2) CAN RBI FORCE PAYPAL TO SHOW FROM WHERE THE MONEY WAS RECEIVED IN MY PAYPAL ACCOUNT ? DOES PAYPAL COME UNDER JURISDICTION OF RBI .. IF YES TO WHAT EXTENT? ..
..
I kindly request only people who know EXACT legal answers to reply .. On some previous post, it got filled by people 'thinking' what would the law be etc etc and of course loads of conflicting replies .. so please.. if you dont know, if you are not a professional of law or accounting or relevant field.. dont reply. thanks.
May I request only professional answer for following question..
.. and not ideas about what you think it would be..
THANK YOU.
so preferably
Any lawyer who understands electronic acts for India..I think its Electronic Act 6.0, not sure.
Any CA of modern age who understands what 'payment gateways' are
Eg. Paypal , Net teller
CONDITION:-
Say I use international forex broker who accepts margin through PAYPAL. Now, I upload money through paypal and make consistent profits and withdraw them to my attached bank account.
QUESTIONs:-
1) NOW, to withdraw money to my bank account from paypal, on paypal site, I have to give a reason .. say I give a reason "payment received from international client for intellectual services offered" ... DOES IT WORK?
2) CAN RBI FORCE PAYPAL TO SHOW FROM WHERE THE MONEY WAS RECEIVED IN MY PAYPAL ACCOUNT ? DOES PAYPAL COME UNDER JURISDICTION OF RBI .. IF YES TO WHAT EXTENT? ..
..
I kindly request only people who know EXACT legal answers to reply .. On some previous post, it got filled by people 'thinking' what would the law be etc etc and of course loads of conflicting replies .. so please.. if you dont know, if you are not a professional of law or accounting or relevant field.. dont reply. thanks.