Income tax on Blogging - How about multiple people working on same website with 1 Adsense account?If multiple bloggers work on the same website and receive the Adsense income on a single bank account.
1) Which ITR form should the person use to file an income tax return?
2) What "business code" should be selected on the form for Adsense - Youtube/Blogging, Amazon Affiliate income?
3) If the income exceeds 10L per financial year - But falls below 5L after paying the other bloggers. Does the person have to pay any tax? Where should the name of the other bloggers be mentioned on the ITR form? Do they have to file ITR return as well (what if they earn below 2.5L per FY)?
4) Can I receive gift up to 50k from others along with it?
5) What is Advanced tax - Is it necessary here? When does it need to be paid?
6) What all are the expanses that can be claimed for blogging? Can the blogger also claim 80C (along with the blogging expenses)?
7) If the person has other income from trading & investing income - but this falls within the income tax slab. Then its ok, right?