YouTube video blogging, popularly known as vlogging has reached at the peak of its popularity by now. The trend of googling for a content has shifted to you tube search. Many budding vloggers are making money from YouTube. However most of them are not aware of the tax implications. Let’s try to explore this in detail.
Note: The same treatment is applicable for Adsense Revenue from blogging as well.
Why Income from YouTube is Taxed in India?
As per the Income tax laws, if the income is received in India, it’s taxable in India. I am obvious that now you will be thinking why then TDS for the same was not deducted. If you read through the AdSense contract entered between Google and Content creator in India, you will notice that the contracting google entity is Google Asia Pacific Pte. Ltd i.e. Singapore entity. The snippet of the contract is here:
Read on me: https://taxguru.in/income-tax/income-tax-revenue-youtube.html
© 2018 CA Chandan Agarwal. All rights reserved.