If you are selling your apps or in-app purchases in Play Store or App Store and receiving money in a corporate account, you’ll be asked the purpose code for the transaction for regulatory purposes.
The concerned section of the purpose codes for us developers will be “Telecommunication, Computer & Information Services”.
There, you’ll find a code P0802 – Software Consultancy/Implementation (other than those covered in SOFTEX).
This should work for you.
In case you are registered with the STPI (Software Technology Parks of India), then you may use the code P0807 – Off site Software exports.
The same purpose code can be used for receiving money for Ads shown in your app or your website.
Hope those dollars keep rolling in for you. 🙂
2 thoughts on “Purpose Code for Apps in India”
Hi I am working as an independent consultant for a US company. Should I say p0802 to my bank for inward remittance.
If you’re working as a software consultant, your code should be P0802.