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TMI BlogCan i consider my business under Presumptive Income & its Taxation – under section 44AD?X X X X Extracts X X X X X X X X Extracts X X X X ..... Hello I am Domineer from India. I buy and sell domain names to inside and outside India and domain names are like google.com, name.com, yourBusiness.in etc.. I purchase huge domain names from goda ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ddy.com, bigrock.com every year and whenever any person/company wanted one of my domain name i sell to them. Recently i opened Proprietor firm and i made turnover around 65 lakh and 100% receipts cam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e from foreign vendors, since it is export of service it will fall under ZERO rated GST. and now my questions are 1. Does it consider Professional or Business ? 2. Does it comes under the aud ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iting (since it is proprietor firm and turnover is 65 lakh)? 3. Can I Declare this as Presumptive Income its Taxation under section 44AD ( 8% sales of business turnover), it is a small ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... business and turnover is less than 2 crore ? 4. What kind of tax do i need to pay (my 100% earnings are from outside the India only) ? Thank you - Can i consider my business under Presumptive ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income & its Taxation – under section 44AD? - Query Started By: - Harish GV Dated:- 30-1-2019 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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