Andrey provided "handyman for an hour" services. The FTS inspectors found his ad on one of the social networks. They started corresponding and agreed with him to provide services. Then they checked the movement of funds in the account and saw regular transfers from individuals.
the position of the Federal Tax Service. But to do so, he will have philippines country code mobile number to go to court. And the costs of legal support may be greater than the amount of additional tax assessed.
To summarize: when accepting transfers to a card, you should not be afraid of the tax authorities. Inspectors can request information from banks about the movement of money on the account, but only if they already have suspicions.
The fact of regular money transfers from other people cannot be evidence of receiving unaccounted income. But online advertisements or witness testimony can. So it makes sense to focus on this.
When interest on the account is capitalized, it is periodically added to the deposit body depending on the selected program. Thus, with a monthly tariff, the account balance will increase every month.
This is exactly the case when, upon early termination of the agreement, the depositor receives not only the principal of the deposit, but also part of the accruals.
If we are talking about capitalization of the deposit, then the added interest will only be added to the account at the end of the contract term. Imagine that you opened such a deposit for five years. Only by the end of this term will the interest due to you be credited to the account. Such conditions, as a rule, imply an increased interest rate.