Does business code 14005 fall under 44AD?
Mainly depends upon section under which TDS deducted........
| Originally posted by : Dhirajlal Rambhia | ||
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Mainly depends upon section under which TDS deducted........ | ![]() |
my CA is confused about google adsense earning. so he asked me to provide my nature of work.
here is Terms and condition i found when i registered on google adsese account.
https://www.google.com/adsense/new/localized-terms?gsessionid=R_8p0x8LB4rVzR6hoL2Db3nukOTlyPSI
paragraph 15 state that:
Independent Contractors. The parties are independent contractors and the 12, the AdSense Terms do not create an agency, partnership, or joint venture.
i have very little knowledge about tax filing. some people suggest me my earning should go under 44AD.
==========
there is two business code i have found in computer section, so i am not sure which one is suitable for me.
1. Other IT enable services 14005
2. Other computation related services n.e.c 14010
please guide me which business code i should chose, and can i chose 44AD?
i want to adopt 44AD mainly for "no tax audit" benefit
I repeat..... "Under which section your TDS has been deducted?"
aren't adsense earnings commission in nature? if yes, then 44AD wont apply
| Originally posted by : Dhirajlal Rambhia | ||
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I repeat..... "Under which section your TDS has been deducted?" | ![]() |
sorry i have no idea about "TDS SEction". PPF is my only TDS under Section 80C. online earning is my full time job. i don't do any other salary releated/business.
actually i started to file tax last year. so i have very little knowledge about tax .previous year my CA filled tax as profession.
| Originally posted by : Nikhil Kaushik | ||
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aren't adsense earnings commission in nature? if yes, then 44AD wont apply | ![]() |
people just assume it's commission based earning. but actually in google adsense "terms and condition" there is nothing mentioned about. even in account state there is nothing show i got X% money.
here is google adsense tearm and condition:
https://www.google.com/adsense/new/localized-terms?gsessionid=R_8p0x8LB4rVzR6hoL2Db3nukOTlyPSI
"Independent Contractors. The parties are independent contractors and the AdSense Terms do not create an agency, partnership, or joint venture"
Actually AdSense income not comes under profession. Or commission (Amazon,flipart does)
It's just like newspapers earings on advertise.
No tds (no employee/ employer relationship and other not applicable) /gst (collected by google some implications there ).
If 14005 not comes under 44ad. According their 139/c notice.
We have toto mainta PL, and other .
We include rent,hosti ho,advert adv, employee salaries etc on as expenses maybe more advantage than 6% if turnover.
My case fy2026-17 opted for 44ad business code as other.
Fy 2017-18 opted business code like. Software development maybe.
I got notice techincal consulatcy not comes 44ad.
And I re uploaded as news agency activities (my team publishes career &educa educ articles).
But just realized 14005 is perfectly suitable.(maybe because a cyber cafe also included in computer enabled services and American tax also categorized in information sector).
There are 5 types of business not comes under 44ad incluidin tecnhtecn consultancy.
So We are not providing any technical services to others.
So tax team have to decide & amend the rules according to tax evasion status.
No one want to maintain accounts. for a small startup single person oriented businessWith high competitive industry. Usually 90% thus types closes within 1-3 years.
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