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Youtube Income Taxation & Expense Writeoff

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Mihir Shah

3 Points Posted on 21 June 2021

Is YouTube considered as a Business? If yes can you claim expense write-off from it.

I read Section 2(13) of Income tax act which says Business is any activity of Trade, Manufacturing & Commerce. But I couldn't find what is considered as Trade, Commerce & Manufacturing.

If a person opens a dance classes, What will it be considered as Trade/ Commerce/ Manufacturing? Because as per dictionary definition it seems to me as none.

Replies (2)

Quick Summary

This discussion explores whether YouTube earnings should be classified as business income under the Income Tax Act, specifically Section 2(13), which defines business as trade, manufacturing, or commerce. The user questions if YouTube activities, or even running dance classes, fit these definitions and whether associated expenses can be claimed as write-offs. The prevailing view leans towards YouTube income being considered professional income.