LawRato

Is it legal to receive payment in India from youtube & FB


12-Mar-2023 (In Cyber Crime Law)
Hello Sir/Mam, I would like to ask you that which is illegal in India according to FEMA 1999, that to sending payment out of India or receiving payment from out of India. Because I heard that its illegal in India that to send any payment out of India because it affect the Forex Reserve, but can we legally receive from out of India (like from youtubes, facebook or other trading platforms etc.) which pay us in dollars, can this types of payment affect the Forex Reserve. And is it legal to receive this types of payment.
Answers (1)

Answer #1
814 votes
pay tax as per the income tax act under their respective heads. if u running channel on fb or youtube and receiving payment for it then ur income will b charged under head of income from other resources(foreign resources). Such incomes r completely legal. Well even if such trading plateform will pay u in dollars... when they will be recieved in ur account they will be received in indian dominations automatically. keep asking
Helpful? LawRato23+ LawRato
Advocate Mayank Kumar

Adv. Mayank Kumar

LawRato Ranchi | 25+ Answers
Chat with Advocate Mayank Kumar Chat 

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Connect with top Cyber Crime lawyers for your specific legal issue
Connect with a Lawyer
Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato