playstation Posted August 21, 2011 Report Share Posted August 21, 2011 Saw there was no Paypal related main thread....so created one...where everything paypal can go... now i already had account in paypal but never used it....just saw today it says confirm purpose code....what is it?? what do i choose?? even i ever use it ...the max i will use it is for some oline shopping here and there....what purpose code u guys gave?? Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 guys please explain this... Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted August 21, 2011 Report Share Posted August 21, 2011 Didn't add any purpose code till now. Doesn't seem to affect any transactions. Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 Didn't add any purpose code till now. Doesn't seem to affect any transactions. ok. Link to comment Share on other sites More sharing options...
★ Kani ★ Posted August 21, 2011 Report Share Posted August 21, 2011 check this http://img.labnol.org/files/purpose_codes_india.pdf full list of purpose codes.. choose the best that suits your needs. Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 check this http://img.labnol.org/files/purpose_codes_india.pdf full list of purpose codes.. choose the best that suits your needs. okay. I just need for personal use...on paypal u dont get much option. Link to comment Share on other sites More sharing options...
★ Kani ★ Posted August 21, 2011 Report Share Posted August 21, 2011 may be try this P1302 Personal gifts and donations Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 may be try this actually u cannot enter any code...there is limited number of options given to choose and none of them says personal gifts etc... Link to comment Share on other sites More sharing options...
★ Kani ★ Posted August 21, 2011 Report Share Posted August 21, 2011 oh put something then Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 oh put something then dekhe bro...motabhai kuch dala hi nahi...so i guess i will keep it like that only... Link to comment Share on other sites More sharing options...
Jigsaw Posted August 21, 2011 Report Share Posted August 21, 2011 ^^ mohit been a long time since i used it... but IIRC the code is mandatory. just select something and move on. Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 ^^ mohit been a long time since i used it... but IIRC the code is mandatory. just select something and move on. hmmmm. okay bro....but all seems bit crazy...import export business related stuff...any particular you chose?? Link to comment Share on other sites More sharing options...
spindoctor Posted August 21, 2011 Report Share Posted August 21, 2011 the code is only required for incoming payments. it's related to taxes so don't put anything you want. Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 the code is only required for incoming payments. it's related to taxes so don't put anything you want. hum toh dal diya...hardware consulting.... Link to comment Share on other sites More sharing options...
Noctis Posted August 21, 2011 Report Share Posted August 21, 2011 You don't need the code for making payments afaik, spin is right. Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 You don't need the code for making payments afaik, spin is right. ok. thanks i removed the code...sala tax ka jhamela nahi mangta humko... Link to comment Share on other sites More sharing options...
Shantz Posted August 21, 2011 Report Share Posted August 21, 2011 yup.. purpose code is for incoming payments only and for that as well you don't need to put in anything permanently.. you can put it in when you try to withdraw the money.. Link to comment Share on other sites More sharing options...
playstation Posted August 21, 2011 Author Report Share Posted August 21, 2011 yup.. purpose code is for incoming payments only and for that as well you don't need to put in anything permanently.. you can put it in when you try to withdraw the money.. thanks ....i removed the code......i dont even think i will be using it... Link to comment Share on other sites More sharing options...
★ Kani ★ Posted August 21, 2011 Report Share Posted August 21, 2011 Poora dara diye ho mohit ko.. are kuch nahin hota.. I have been using Paypal for 7-8 years now.. and I do get incoming funds on my Paypal time to time.. Koi tax wax ka kuch jhamela nahin hai.. Many times I have withdrawn money to my account.. Just did last month also.. :| and I have a premier account with Paypal.. Link to comment Share on other sites More sharing options...
spindoctor Posted August 21, 2011 Report Share Posted August 21, 2011 Poora dara diye ho mohit ko.. are kuch nahin hota.. I have been using Paypal for 7-8 years now.. and I do get incoming funds on my Paypal time to time.. Koi tax wax ka kuch jhamela nahin hai.. Many times I have withdrawn money to my account.. Just did last month also.. :| and I have a premier account with Paypal.. do you declare your paypal account in your annual taxes? the whole reason paypal has been so problematic/restrictive in india for the past year or so is because there was no regulation at all in how much and what kind of money was flowing in and out of the country through it. all these requirements that they've come up with (pan number, bank linking, no paypal funds can be stored or used for purchasing, removal of gift transfers and now this purpose code) are so that the government can monitor the money that is going through the paypal system. Link to comment Share on other sites More sharing options...
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