Chartered Accountant
24588 Points
Joined November 2019
You can opt for section 44Ad of income Tax act for Youtube, blogging or adsense earning upto 2 crore. For more than 2 crore of gross earning, you have to pay tax after getting account audited.
2. If you are going for ITR-3 Income from Business & Profession, audit by CA will be applicable for Income exceeding 1 crore. This become exempt upto 2 crore if we are opting for 44AD.
In simple words, even you have a turnover of upto 2 crore, if can opt for 44AD, you don’t have to maintain books of account and no need to follow audit procedure. Just file your ITR on time.