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Q&A: What is the legal procedure for converting the earned money online from hyip from other country to India?

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Question by Vishnu: What is the legal procedure for converting the earned money online from hyip from other country to India?
What is the legal procedure for converting the earned money online from hyip from other country to Indian Bank. Do I need to pay tax for this? or is it illegal to such online money business outside the country.

Best answer:

Answer by Jerry
HYIP are all frauds. There is no way any scheme can pay 1% or 2% daily without collapsing quickly.

You will lose money rather than earn, so no worries about tax or converting money.

SpeakAsia and unipay2u are two such schemes that collapsed recently. You should learn about them.

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Posted April 22nd, 2013 in Earning Money Online. Tagged: , , , , , , , , , .

One comment:

  1. Uncommon Sense:

    For the 897,325th time…
    The Internet is not some magical cash machine.
    There are NO online jobs. Not one. No data entry. No surveys. No clicks. No nothing.
    You will not find one from your house.
    You will not find one with your mouse.
    You will not find one here or there.
    You will not find one anywhere.


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