Sobriquet - 4:57 pm on Apr 16, 2005 (gmt 0)

I simply deposit and declare adsense income alongwith my regular income.

The 30% IncomeTax you talk of , is on INCOME not collections. Obviously, when you or your CA does your accounts. he taken into account the money you spend on as expenses.

You cannot keep it as secret. Its illogical. Your penalties would be very high, too high to handle.

I guess thats a hint enough.

For more, send a sticky to me. I am in India too.