Domain reseller

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11 Points Posted on 25 July 2021

Can a proprietor who is into resell of domain and website opt for presumptive taxation? If yes, then under which section? 

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On 25 July 2021 at 20:33 Report
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This discussion clarifies whether proprietors involved in domain and website reselling are eligible for presumptive taxation. The consensus is yes, and the relevant section is 44ADA. This allows for a simplified tax calculation based on a fixed percentage of turnover.

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Chartered Accountant
24588 Points Posted on 25 July 2021
Yes under section 44AD
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On 25 July 2021 at 21:04
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791 Points Posted on 25 July 2021
Aggree
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On 25 July 2021 at 23:48

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