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RuleMate India

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SHORT ANSWER: Yes, the Income Tax Department can check income from social media. DETAILS: - Income from social media activities, such as advertisements or sponsorships, is taxable. - Taxpayers are required to report all sources of income, including social media earnings. PUNISHMENT / IMPLICATIONS (if applicable): - Failure to report income can lead to penalties and interest on unpaid taxes. SOURCE: - Income Tax Act, 1961
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