Tax on X earnings: Tax will have to be paid on Twitter’s earnings, know for whom the rate is
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For ‘X’ i.e. Twitter, the owner of the company Elon Musk has also started sending the money received on the basis of advertisement to the Blue Tick account holders. About which many Indian users have also given information on social media that money has started coming in their account. But at the same time these questions have also started arising that how much tax will have to be paid on the income from ‘X’? If yes, at what rate?
A lot is changing on Twitter. There has also been a change in its people, who are now known as ‘X’. Elon Musk, through his tweet, has announced to give an earning opportunity to all his verified users i.e. Blue Tick account holders. It was announced for him to give some part of the earnings from Twitter to his users. Now they will also have to pay tax (X from income) on the income of the account holders received under the advertisement revenue sharing scheme.
Money has started coming into the account
Company owner Elon Musk for ‘X’ i.e. Twitter has also started sending the money received on the basis of advertisement to the Blue Tick account holders. About which many Indian users have also given information on social media that money has started coming in their account. But at the same time these questions have also started arising that how much tax will have to be paid on the income from ‘X’? If yes, at what rate?
Disclosure of tax experts
Regarding the income from ‘X’, the tax expert says that the users will have to pay tax on it. This income will come under Goods and Services Tax. This means that you will have to pay GST on whatever income you earn from advertising through ‘X’. For which they will have to pay tax at the rate of 18 per cent. For the last few years, there has been an increase in the number of people earning through posts on social media. His income has been kept under GST only. That’s why it is important that those who are earning through social media platforms must register themselves under GST. Along with this, it is also necessary for them to file income tax return and pay tax.
how to earn from twitter
‘X’ has started sharing revenue for its verified users only. In which the income from advertising will be shared. For this it is necessary that you have at least 500 followers. Also, in the last three months, 1.5 crore ‘impressions’ have come on your tweet.
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