Income tax rules for X users: How income from X (Twitter) will be taxed in India

Elon Musk's Twitter which was rebranded as X, has started sharing ad revenues with content creators. Income under ‘Profits and Gains of Business or Profession’ Mumbai-based tax and investment expert Balwant Jain said that if this is your sole activity for earning your main income or it earns you substantial income, the same would be treated as business income and would be taxed under the “Profits and Gains of Business or Profession" head. Income from other sources In case this is just your spare time activity and results in not substantial income relatively the same can be taxed under the head “income from other sources", Jain added. "So in case the same falls under the head “Profits and Gains of Business or Profession", we need to examine whether this would be treated as business or profession and which would depend on what type of content you are sharing If the contents of the tweet which you are sharing require you to have technical expertise for which special training is required, the same would be treated as a profession otherwise the same can be treated as your business income, and provisions of section 44AD would apply," said Balwant Jain. "Taxes on individual income apply to business income at the identical rates as personal income taxes.