diff --git a/sphinx/domains/changeset.py b/sphinx/domains/changeset.py
index 4349595f9df..03d76d82253 100644
--- a/sphinx/domains/changeset.py
+++ b/sphinx/domains/changeset.py
@@ -70,11 +70,23 @@ def run(self) -> list[Node]:
         node['version'] = self.arguments[0]
         text = versionlabels[name] % self.arguments[0]
         if len(self.arguments) == 2:
+            # The argument may be on the same line as the directive, or on the
+            # following line (docutils treats the first non-blank indented line
+            # as the second argument when optional_arguments > 0 and there's no
+            # blank line). Check the directive's own line to tell them apart.
+            directive_line = self.block_text.partition('\n')[0]
+            arg_first_line = self.arguments[1].partition('\n')[0]
+            if arg_first_line in directive_line:
+                arg_lineno = self.lineno
+            else:
+                arg_lineno = self.lineno + 1
             inodes, messages = self.parse_inline(
-                self.arguments[1], lineno=self.lineno + 1
+                self.arguments[1], lineno=arg_lineno
             )
             para = nodes.paragraph(self.arguments[1], '', *inodes, translatable=False)
-            self.set_source_info(para)
+            para.source, para.line = self.state_machine.get_source_and_line(
+                arg_lineno
+            )
             node.append(para)
         else:
             messages = []
@@ -89,9 +101,10 @@ def run(self) -> list[Node]:
                 content.source = node[0].source
                 content.line = node[0].line
                 content += node[0].children
-                node[0].replace_self(
-                    nodes.paragraph('', '', content, translatable=False)
-                )
+                new_para = nodes.paragraph('', '', content, translatable=False)
+                new_para.source = node[0].source
+                new_para.line = node[0].line
+                node[0].replace_self(new_para)
 
             para = node[0]
             para.insert(0, nodes.inline('', '%s: ' % text, classes=classes))
diff --git a/tests/roots/test-root/markup.txt b/tests/roots/test-root/markup.txt
index 8f5e026a25f..4fb46970259 100644
--- a/tests/roots/test-root/markup.txt
+++ b/tests/roots/test-root/markup.txt
@@ -295,6 +295,11 @@ Version markup
 .. version-added:: 0.6
    Some funny **stuff**.
 
+.. version-added:: 0.6.1
+   Some more funny **stuff**
+   that took much more text
+   to describe.
+
 .. version-changed:: 0.6
    Even more funny stuff.
 
@@ -308,15 +313,26 @@ Version markup
 
    First paragraph of version-added.
 
+.. version-added:: 1.2.1
+
+   First paragraph of version-added.
+   With multiple lines.
+
 .. version-changed:: 1.2
    First paragraph of version-changed.
 
    Second paragraph of version-changed.
 
-.. version-added:: 0.6
+.. version-changed:: 3.14 This was the pi release.
+
+.. version-changed:: 3.1416 This was the pi release.
+   It was great because pi is trancendental
+   and has a lot of digits.
+
+.. versionadded:: 0.6
    Deprecated alias for version-added.
 
-.. version-changed:: 0.6
+.. versionchanged:: 0.6
    Deprecated alias for version-changed.
 
 .. deprecated:: 0.6
diff --git a/tests/test_builders/test_build_html_5_output.py b/tests/test_builders/test_build_html_5_output.py
index b712d1415a3..e5a7fec74b4 100644
--- a/tests/test_builders/test_build_html_5_output.py
+++ b/tests/test_builders/test_build_html_5_output.py
@@ -8,6 +8,7 @@
 import pytest
 from docutils import nodes
 
+from sphinx import addnodes
 from tests.test_builders.xpath_util import check_xpath
 
 if TYPE_CHECKING:
@@ -565,3 +566,34 @@ def insert_invalid_rubric_heading_level(
     assert 'WARNING: unsupported rubric heading level: 7' in warnings
     assert '</h7>' not in content
     assert '<p class="rubric">INSERTED RUBRIC</p>' in content
+
+
+@pytest.mark.parametrize(
+    ('node_type', 'version', 'lineno'),
+    [
+        # argument-style content (no blank line after directive)
+        ('versionadded', '0.6', 296),
+        ('versionadded', '0.6.1', 299),
+        # body content (blank line after directive)
+        ('versionadded', '1.2', 314),
+        ('versionadded', '1.2.1', 318),
+        # inline content (text on same line as directive)
+        ('versionchanged', '3.14', 326),
+        ('versionchanged', '3.1416', 328),
+    ],
+)
+@pytest.mark.sphinx('dummy', testroot='root')
+def test_versionadded_paragraph_source_info(
+    app: SphinxTestApp,
+    node_type: str,
+    version: str,
+    lineno: int,
+) -> None:
+    app.build()
+    doctree = app.env.get_doctree('markup')
+    for node in doctree.findall(addnodes.versionmodified):
+        if node['type'] == node_type and node['version'] == version:
+            assert node[0].line == lineno
+            break
+    else:
+        pytest.fail(f'{node_type} {version} node not found')