Question 1

How do I report income from multiple platforms like YouTube and Instagram?

Accepted Answer

All income from different platforms (YouTube AdSense, Instagram brand deals, Patreon, etc.) must be consolidated and reported in your ITR. Use ITR-3 if you maintain books or ITR-4 if opting for presumptive taxation under Section 44ADA. International income is treated as export of services (zero-rated for GST).

Question 2

Do I need to pay GST on YouTube AdSense income?

Accepted Answer

No, YouTube AdSense income is considered export of services and is zero-rated for GST. However, you must register for GST if total turnover exceeds Rs 20 lakhs. File LUT (Letter of Undertaking) annually to export services without paying IGST.

Question 3

What is Section 44ADA and how does it benefit content creators?

Accepted Answer

Section 44ADA is presumptive taxation for professionals. If your gross receipts are up to Rs 50 lakhs, only 50% is treated as taxable profit - you don't need to maintain detailed books. This is ideal for creators earning from multiple platforms.

Question 4

How do I handle forex losses when receiving payments from international platforms?

Accepted Answer

Banks charge 2-3% forex markup when converting USD to INR. This forex loss is a legitimate business expense. Consider using services like Wise or Payoneer for better rates. Track and claim these losses in your business expenses.

Question 5

When should a content creator consider incorporating as a Pvt Ltd company?

Accepted Answer

Consider incorporating when annual income crosses Rs 1 crore. Benefits include lower corporate tax (25%), easier access to credit, better brand perception, and tax planning through salary structuring. However, compliance costs increase with incorporation.

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