Please check with your Chartered Accountant there is a concept called DTAA (Double Tax Avoidance Agreement). It will be signed between India and US to avoid double tax on same income.Hope it is helpful.
Check our DTAA with USA. This is basically an agreement entered by both the countries inorder to avoid levy tax twice on the same income. If the agreement covers your source of income then you need not worry. You can always claim deduction in India for the tax paid by disclosing it in the ITR.
You don't need to pay double tax to india..24% US tax is slab for non resident aliens..after that, the same gross income is taxed in India but you don't need to pay anything since you already paid to US..only if the tax bracket in india is above 24%, then you need to pay the remaining marginal tax
Sriman Simply go with DTAA ( Double taxation avoidance agreement) while paying taxes. DTAA agreement has been sigmed between USA and INDIA... Hope it would help out you a little bit more
If Indian govt. enacts a law which requires youtube to pay tax based on Indian viewership, western content creators who make money by reviewing Indian movies/songs etc. will have to shut shop. Today's laws should be in line with globalisation and not against it, and the US should set an example for it by reconsidering these rules.
The tax will be imposed to the part of the revenue which generates from US region only. Rest of the revenue which comes from other regions in the world will not be taxed. And as India is a part of tax treaty with US, the tax imposed will only be 15%. It will not be 24%. This is not understood by many youtubers.
Information from outside US not the tax 🙏🏻 YT income earned in india will not fall under international taxation rules, us will not deduct any income might ask information.👍 Please review through ❤️
Income is never really taxed twice in two countries, and India - US have the Double Taxation Avoidance Agreement (DTAA). You won't be taxed but I'm sure talking to a CA would have eased your fear
Sriman bhai the thing you explain about tax doesn't work like this in income tax department u can always take credit of tax paid in usa as per DTAA PROVISIONS between the usa & indian goverment.. please ask your tax advisor
There is double tax avoidance agreement with US. So there won’t be any problem. You would get credit of income tax paid in us while paying tax in india
sir if US is going to apply tax on the amt given to u then most probably indian govt will not levy income tax on such income if it is covered under the DOUBLE TAXATION AGREEMENT between US and INDIA
Hi sriman, The tax which you pay in US will be available to you as FOREIGN TAX CREDIT (FTC) which can be claimed during payment of tax (after following certain procedures and conditions) under Indian Income Tax Act. The amount YT is deducting is withholding Tax, which is very similar to TDS in India. Consult a CA for better clarification.
"To deduct taxes when these creators earn income from viewers in the U.S". Sriman, probably your calculation needs a revisit, how many of your viewers are based out of the U.S? 10%? If that is the case, 10% of your income is taxable in the U.S and of course they will have their own slabs and exemptions etc.,
Apart from you tube there are other platforms too for v logs , try even uploading your videos there , all subscribers start viewing there and one fine day you tube will realize on this .
ONCE U R A RESIDENT OF INDIA AND A TAX PAYER IN INDIA according to the law of income tax it cant be taxed in 2 countries don’t worry something magic would be der😀
Anna if you pay taxes in any one country you do not need to pay in other as there is a law for double tax avoidance in US as well as India if in case u pay taxes in US as per IRC the guidelines of IRS you can file a tax return of US and can get it as a credit or refund
Hi, I think your calculations are incorrect. Firstly, the 24% tax is only on the income generated from the US viewers. Secondly, whatever tax is withheld, you can claim it here in india to get it reduced from your indian income tax due to the DTAA (Double taxation avoidance agreement). Please correct if I am wrong.
After tax class when u started advertising i was like arey bhayya appude add yenti, inner me :- poni le ra yelago tax antunnadu inka advertising yekkuva cheyani le
Even if US deduct some tax from your income , you need to pay tax on 100% income of what your are getting before deduction of tax from US , After that based on DTAA agreament between US and INDIA you get a relief
I'm a INDIAN CA, also pursuing CPA USA. I would like to throw some light on this, the money deducted in USA by IRS can be taken as a tax credit in India. You need to probably Meet a CA to understand this better. I would like to put it to you that , you won't be losing any money as such. You would get a credit for 24% deducted in USA as per the DTAA between India and USA when you pay taxes in India. It other words the tax payable in India would reduce to the extent of tax credit availed on tax paid in the USA. Basically, you didn't get the understanding right. The video is not actually right factually.
U r first step itself is wrong u r not earning 1L , u r earning from 49500 the problem starts from there for u, this is very common even if u r a guy who works for USA and gets salaried in India even they go through this
Anna but u can take credit of such tax while paying in India. Then, effectively u r req to pay tax in only one country... Check with some tax expert....
Yes Sriman we are there with you ❤️ only help can do is watch your videos with ads and doing it 👍
Please check with your Chartered Accountant there is a concept called DTAA (Double Tax Avoidance Agreement). It will be signed between India and US to avoid double tax on same income.Hope it is helpful.
+1
👍👍
I even said the same thing.... are you a professional student ? Ca cs cma
Commerce student 🤜🤛
You have Double Taxation Avoidance Agreement with US and India,you'll get tax credit for taxes you pay in the US.
day by day .....since 2 years the love towards you and your vlogs had been increasing a lot .......LUV U SRIMAN BHAI ......
Sriman dont be disappointed we are there with you ❤❤
Hereafter gonna see your ads fully😂😂
Most underrated youtuber..sriman needs more subscribers
If Its your passion, then it shouldnt be money making issue, be happy you are getting paid for living your dream.
You keep vloging Sriman, our support is always with you.
Don't worry anna,we'll keep supporting you! You inspire us a lot 💕
U can use promotion videos more in the videos.. i dont mind it... u have a family to care... so its ok sriman..
We Understand your Effort 👍. We support your Add content which makes a revenue
Don't worry brother, we'll support you by watching some adds without skipping them😂😂
hahaha
u gullible foo
I think while bathing...also U do the job of vlogging.... Now I properly understand how much passion you have in this field...
Check our DTAA with USA. This is basically an agreement entered by both the countries inorder to avoid levy tax twice on the same income. If the agreement covers your source of income then you need not worry. You can always claim deduction in India for the tax paid by disclosing it in the ITR.
Even sriman has two hands he has to do everything with one hand cuz he dedicated one hand for holding camera 😅
Well the tax deducted in US can be claimed as credit in India as per the DTAA between INDIA and US.
You don't need to pay double tax to india..24% US tax is slab for non resident aliens..after that, the same gross income is taxed in India but you don't need to pay anything since you already paid to US..only if the tax bracket in india is above 24%, then you need to pay the remaining marginal tax
Also, you will be charged by US only for the US views which is a very minor percentage..so, its ignorable
The telugu people living in USA are also watching and I'm following all your vlogs and a great time pass for me! ❤️
Sriman
Simply go with DTAA ( Double taxation avoidance agreement) while paying taxes. DTAA agreement has been sigmed between USA and INDIA...
Hope it would help out you a little bit more
It's ok Sriman we are there with you
If Indian govt. enacts a law which requires youtube to pay tax based on Indian viewership, western content creators who make money by reviewing Indian movies/songs etc. will have to shut shop. Today's laws should be in line with globalisation and not against it, and the US should set an example for it by reconsidering these rules.
It's okay sriman Bhai 😎.......We are there for you ❤️✌🏻
Tax paid in US, for that u will get relief in India. So please get advice from CA
one more lifetime EMI added without purchasing anything
The tax will be imposed to the part of the revenue which generates from US region only. Rest of the revenue which comes from other regions in the world will not be taxed. And as India is a part of tax treaty with US, the tax imposed will only be 15%. It will not be 24%.
This is not understood by many youtubers.
Many people are unaware of the DTAA and FTC, they are in impression that there will be double taxation.
My 3 yr old daughter also sitting on arm rest❤️👍
I am addicted to your videos sriman baaaiii
Every time I enter to the UA-cam just to watch your videos
24 percent on total UA-cam earnings if Tax info is not submitted. Not just US...what sriman said is right.
Only the tax is withheld , you can always file a non resident tax return with the USA and get the refund back.
Riding you tuber says riding is my passion and life and all on that end of day is come to business
Hardworking people never fails keep rocking Anna ❤️❤️❤️
Thing which we can do is to support our Native Creators is ............. We watch the whole ads of the native creators vids.
14:13 Dual exhaust 😂😂
It's good to know that you still vloging
We are there with u sriman
Anna as per DTAA Agreement u will get relief on tax paid to usa govt ,if u filed tax return in india before due date .
you both wear mask but Please wear mask for daughter also.. we love her so much. Stay safe stay blessed.
Spike 👍
Information from outside US not the tax 🙏🏻
YT income earned in india will not fall under international taxation rules, us will not deduct any income might ask information.👍 Please review through ❤️
Agree..... Sriman anna i think you misunderstood
Income is never really taxed twice in two countries, and India - US have the Double Taxation Avoidance Agreement (DTAA). You won't be taxed but I'm sure talking to a CA would have eased your fear
Sriman drove it like a pro 9:15 - 9:50
Sriman bhai the thing you explain about tax doesn't work like this in income tax department u can always take credit of tax paid in usa as per DTAA PROVISIONS between the usa & indian goverment.. please ask your tax advisor
As per my knowledge there won't be double taxation... Please verify...
Hammaya!!
Soo happy to see u after long time anna🥳
Everyone outside the US should just make their videos unavailable or restricted to the viewers in the US 🤔
It's ok sriman
India and US have tax treaty. So you won't be paying double taxes. Just some info.
Can really feel the difference between the iPhone and the main cam 7:27
Right side bottom corner new signature 🙂 ...only while full screen is on
It's not new....chu....
@@Ghan-k2i what?...emo bhayya nen ipude chusa le
Nice video dude 👍🏻👍🏻
There is double tax avoidance agreement with US. So there won’t be any problem. You would get credit of income tax paid in us while paying tax in india
sir if US is going to apply tax on the amt given to u then most probably indian govt will not levy income tax on such income if it is covered under the DOUBLE TAXATION AGREEMENT between US and INDIA
But in that agreament they need to cover this type of income otherwise will not get
Hi sriman,
The tax which you pay in US will be available to you as FOREIGN TAX CREDIT (FTC) which can be claimed during payment of tax (after following certain procedures and conditions) under Indian Income Tax Act.
The amount YT is deducting is withholding Tax, which is very similar to TDS in India.
Consult a CA for better clarification.
It is regarding the With holding tax provision in US.
"To deduct taxes when these creators earn income from viewers in the U.S". Sriman, probably your calculation needs a revisit, how many of your viewers are based out of the U.S? 10%? If that is the case, 10% of your income is taxable in the U.S and of course they will have their own slabs and exemptions etc.,
He just mentioned thia point too, but you dont have time to see that
There is tax treaty between Indo US for not deducting Indian business in US and vice versa...
Sriman when u tell, i am gng 2 meet my friends that's video gone be excited😍😍😍
Love from SRIKAKULAM ♥️
Apart from you tube there are other platforms too for v logs , try even uploading your videos there , all subscribers start viewing there and one fine day you tube will realize on this .
which plotform ?
ONCE U R A RESIDENT OF INDIA AND A TAX PAYER IN INDIA according to the law of income tax it cant be taxed in 2 countries don’t worry something magic would be der😀
4:53 brand promotion rocks. Shooting video with helmet mount gopro 😂😂😂 in bathroom
Income drops
Which means sriman is going to buy tiger again........
US taxation kuu jaiiiiii😅😅😅😅
Anna dont worry we are with you... Love ❤hyderabad.....
Yes US imposing 30%. More taxes where non US countries. It's time to create our own UA-cam Platform
Sriman bhai apka bada Fan Hu❤️❤️🎊
This video gonna help lot of people..
Anna if you pay taxes in any one country you do not need to pay in other as there is a law for double tax avoidance in US as well as India if in case u pay taxes in US as per IRC the guidelines of IRS you can file a tax return of US and can get it as a credit or refund
its the same as restricted stock unit (RSU) shares issued to employees
Ekkichai ❤️
Hi, I think your calculations are incorrect. Firstly, the 24% tax is only on the income generated from the US viewers. Secondly, whatever tax is withheld, you can claim it here in india to get it reduced from your indian income tax due to the DTAA (Double taxation avoidance agreement). Please correct if I am wrong.
After tax class when u started advertising i was like arey bhayya appude add yenti, inner me :- poni le ra yelago tax antunnadu inka advertising yekkuva cheyani le
Dual Exhaust lol😂😂
Even if US deduct some tax from your income , you need to pay tax on 100% income of what your are getting before deduction of tax from US , After that based on DTAA agreament between US and INDIA you get a relief
Its unfair to pay taxes to other country as the company’s head quarters is based at us
Wrong calculation...
U.s said to pay tax for the views u got from there country people...
Don't miss guide us sriman bhai🙏
See additional condition 3:25
All the best
we need a shoe collection video asap
Yes👍
Don't worry we're there ☺️
On time this time!!!
I'm a INDIAN CA, also pursuing CPA USA. I would like to throw some light on this, the money deducted in USA by IRS can be taken as a tax credit in India. You need to probably Meet a CA to understand this better. I would like to put it to you that , you won't be losing any money as such. You would get a credit for 24% deducted in USA as per the DTAA between India and USA when you pay taxes in India. It other words the tax payable in India would reduce to the extent of tax credit availed on tax paid in the USA. Basically, you didn't get the understanding right. The video is not actually right factually.
9:55 I'm using the same helmet for my motovlogs 🤣🤣🤣
Which one is that
@@Davidsuhas1999 Sba Beast 1
Guys, in India we have best Engineers why can't you build One UA-cam. I am not sure why you guys are not thinking about it.
Don't worry anna extra 100k viewers will sort this out
Tedy bar soap my niece also using... doc prescribed 🥰🥰
Literally waiting for ur video since 9:30 anna
Comparing drinks with bike nxt level anna 😋😜
Happy Sunday to everyone😊✨❤
Waiting for your video expecting love from u
Chilll anna 👍👍
Anna expecting a heart from u kinda mida oopu Sriman Anna thopu
U only left google job and started doing this😁
Best moment of all time sriman ghanta bcha😂😂😂👌🏻👌🏻
U r first step itself is wrong u r not earning 1L , u r earning from 49500 the problem starts from there for u, this is very common even if u r a guy who works for USA and gets salaried in India even they go through this
We can made it 2,00,000/-
Anna but u can take credit of such tax while paying in India.
Then, effectively u r req to pay tax in only one country...
Check with some tax expert....
It's time to start indian UA-cam channel
Sriman anna video vachindhi play chey ,wait like kotti play chey ra😁
Then if you don't like an UA-camr change your VPN to US server and start watching all their videos. Not to sriman Anna though
Oh really??!! Then what about this Mr.Andolan Jeevi??
India adopted a 2% + a surcharge Digital Services Tax on firms like google, facebook.
Don't worry sriman
We will be watching your full ads now 😊
Expecting like from sriman bhai
Which is that song used in 5:57 sec please tell me