{"id":4898,"date":"2023-08-19T22:54:32","date_gmt":"2023-08-19T22:54:32","guid":{"rendered":"https:\/\/www.newsmakers.com.pk\/en\/?p=4898"},"modified":"2023-08-19T23:03:15","modified_gmt":"2023-08-19T23:03:15","slug":"how-twitter-earnings-will-be-taxed-in-india","status":"publish","type":"post","link":"https:\/\/www.newsmakers.com.pk\/en\/business\/how-twitter-earnings-will-be-taxed-in-india\/4898\/","title":{"rendered":"How Twitter earnings will be taxed? (In India)"},"content":{"rendered":"\n

Web Desk<\/strong> — Twitter pays a share of ad revenue to its high-profile content creators on the basis of the engagement that the users generate.<\/p>\n\n\n\n

Elon Musk recently announced to share the company’s income and a portion of advertisement earnings with the subscribers of X (formerly known as Twitter) Premium (Blue).<\/p>\n\n\n\n

The microblogging platform pushes the creators to post engaging content and then get a cut from X\u2019s advertising revenue. For serious users, X has announced that it will make the criteria ‘easier’ for making money.<\/p>\n\n\n\n

Giving good news, the X Support account says the eligibility threshold for ads revenue sharing has been lowered from 15M to 5M impressions within the last 3 months. It further says that the minimum payout threshold has also been lowered from $50 to $10.<\/p>\n\n\n\n

So users now need to get 5 million organic impressions in the last three months and at least 500 followers to be able to be part of this revenue-sharing program.<\/p>\n\n\n\n

How Twitter earnings will be taxed?<\/h2>\n\n\n\n

The Indian citizens will need to include their revenue from Twitter in their taxable income and pay tax on it.<\/p>\n\n\n\n

Head of Income – Content creators and influencers, dedicatedly working on developing content for Twitter and social media, their income from tweets would be considered as their business income.<\/p>\n\n\n\n

For other people, who are receiving such revenue, the income would be taxable as ‘Other Income’.<\/p>\n\n\n\n

Massive Property Crisis In China<\/a><\/p>\n\n\n\n

The GST issue” Influencers and content generators would need to obtain registration and discharge GST if their turnover exceeds Rs 20 lakh<\/p>\n\n\n\n

Revenue earned from Twitter (now X) by an individual will be taxable either as profits and gains of business or profession or as income from other sources.<\/p>\n","protected":false},"excerpt":{"rendered":"

Web Desk — Twitter pays a share of ad revenue to its high-profile content creators on the basis of the engagement that the users generate. Elon Musk recently announced to share the company’s income and a portion of advertisement earnings with the subscribers of X (formerly known as Twitter) Premium (Blue). The microblogging platform pushes …<\/p>\n","protected":false},"author":1,"featured_media":4899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4898","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"\nHow Twitter earnings will be taxed? 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