Winning Bizness Desk

Mumbai. If you also earn from YouTube, then this is the high time when you should be careful now. Tax should be deposited by giving the complete account of your earnings to the Income Tax Department. Also, to earn money from YouTube, you should never make any such video which comes in the category of illegal. Winning Bizness giving this advice to you because the Income Tax Department has raided the house of a YouTuber in India's largest state Uttar Pradesh. Officials say that this YouTuber earned illegally. However, the Income Tax Department has not yet disclosed the illegal way of earning. The matter lemongs to Bareilly. The Income Tax Department raided the house of a YouTuber named Tasleem where Rs. 24 lakh cash was recovered from the house in the raid. The department has seized this money. Tasleem has earned one crore rupees through his YouTube. The YouTuber is accused of earning money illegally. At the same time, Tasleem's family termed this raid as a conspiracy and said that earning money from YouTube is not a crime. Tax of Rs 4 lakh has also been paid on the earnings from YouTube.

Made videos related to stock market

Taslim's brother Firoz said that Taslim's YouTube channel is 'Trading Hub 3.0'. On this channel, his brother uploads videos related to the share market. Firoz claims that he has already paid Rs 4 lakh tax from the Rs 1.2 crore income from YouTube. The raid is a well thought out conspiracy. The Income Tax Department has also not yet given much information about the raid.

Earning from YouTube is a business income

According to a report, earnings from YouTube are considered business income. Chartered accountants say that if the total income is more than one crore rupees, then YouTube has to pay tax under Section 44AB of the Income Tax Act. The account has to be audited. This work will be done by a registered chartered accountant.