Which itr to file for advertising earnings?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2015
Hi,
I earn online from advertising, by showing ads on my websites. I am a college going student, this is my only source of income. Which ITR should I file? I am confused between ITR 4 and ITR 4S.
In my opinion, my earnings are not commissions as I sell traffic to the advertiser. So it's payment for service. And it's not a "professional" job as I am merely placing ads on websites.
You guys are the expert, please help me out.
Also, say I earned 5 lakhs. In ITR 4S, 8% of the earnings is deemed as profit. So will I have to pay tax on 8% of 5 lakhs, or on my acutal profit out of those 5 lakhs, say 4.5 lakhs?
I earn online from advertising, by showing ads on my websites. I am a college going student, this is my only source of income. Which ITR should I file? I am confused between ITR 4 and ITR 4S.
In my opinion, my earnings are not commissions as I sell traffic to the advertiser. So it's payment for service. And it's not a "professional" job as I am merely placing ads on websites.
You guys are the expert, please help me out.
Also, say I earned 5 lakhs. In ITR 4S, 8% of the earnings is deemed as profit. So will I have to pay tax on 8% of 5 lakhs, or on my acutal profit out of those 5 lakhs, say 4.5 lakhs?
CA Mohit Bansal
(Expert)
27 August 2015
Hi,
You need to file ITR 4 for the same. For further details pls contact bmohit02@gmailc.om
You need to file ITR 4 for the same. For further details pls contact bmohit02@gmailc.om
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
