I am an individual having a proprietorship firm. In FY 2014-15, I have earned through various avenues. It includes...
1. Ad revenue by placing Google ads on my websites. (53%)
2. Website and software development and maintenance for various entities. (40%)
3. Earned bitcoins by selling ad spaces on my websites and then sold those bitcoins against INR. (7%)
Clearly, my primary source of earning for FY 2014-15 was ad revenue through web publishing. My earning is in between 4L to 5L and it is far more than 8% of total received in FY 2014-15.
Now, I dont know whether ad revenue through web publishing can be cosidered as my primary business. If it is, then what would be the nature of business and whether I'll be eligible for ITR 4S ?
CAclubindia
