New Delhi, July 28 -- Income earned by freelancers from foreign clients-whether through contracts, content creation, or platforms like YouTube and X (formerly Twitter)-is fully taxable in India. But the bigger concern is proper reporting in your Income Tax Return (ITR).

Such income must be disclosed in Schedule FA (Foreign Assets) and Schedule FSI (Foreign Source Income). Failing to do so may trigger scrutiny under the Black Money Act.

As you prepare to file your tax return for FY25, know the taxation rules on your foreign income earned as a freelancer to ensure correct reporting.

Also read: Earning global income as a freelancer? Key income tax provisions you must know

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