Crowdfunding income may be taxable as gifts or business income; GST may apply; maintain records and report accurately in ITR.
This infographic details the tax treatment of crowdfunding income in India. Donations above ₹50,000 from non-relatives are taxable as gifts. Crowdfunding for business or professional purposes is taxed as business income and must be reported in the ITR. GST registration may be required if goods or services are provided in return. Accurate record-keeping of contributions and fund utilization is essential for compliance and to avoid legal issues.