I run a software development business and we get software developed via freelancers and sell them majorely to international clients, my question is can we file returns under 44AD "Presumptive Taxation" and opt for 8% profit even if our profits range is higher than 40-50%?
Hi CA's,
I am not myself developing softwares and not doing anything like making custom software for clients. I get little utilities developed and sell them like an item in shelf. Like you go and buy WinZip software. why can't I not opt for 44AD with 8% profit, the law even says I can take 6% profit into account if all sales are digital?
Thanks
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