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ITR FOR DIGITAL MARKETING

Ankit kumar (245 Points)

16 May 2018

i have received income from digital marketing ....5 lakh ...... whether i can file Itr 4 as a presumtive income

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11 Replies

CA Ankit R Momaya (Partner at Bhat Momaya & Associates) (2304 Points)
Replied 16 May 2018

You can ITR-4 as presumtive income for digital Marketing

Rahulmagic (19 Points)
Replied 27 July 2019

Hey, i have the same question. Pls guide the process as to which itr form, under what section and under what profession category.

Suresh Thiyagarajan (Student) (3986 Points)
Replied 27 July 2019

1. The above service will be considered as a profession and it should be covered u/s 44AA.
2. ITR -4 can be filed by availing sec 44ADA since the income is below Rs. 50 lakhs.
Please correct me if the above solution has an alternative view.

Rahulmagic (19 Points)
Replied 27 July 2019

Thanks for the reply, i only have one question, under what head digital marketing is covered in section 44AA

Suresh Thiyagarajan (Student) (3986 Points)
Replied 27 July 2019

1. There is no head as such, but it is a profession and it will be covered u/s 44AA.
2. Sec 44AA read as "Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board in the Official Gazette shall keep and maintain such books of account and other documents as may enable the Assessing Officer to compute his total income in accordance with the provisions of this Act"
3. I am sure digital marketing is one of the profession notified in the Official Gazette since it is a growing and popular among the various category.
4. But for the purpose of doubt verify the same in ITR and make sure you have the relevant code for "Digital Marketing" profession.
Please correct me if the above interpretation has an alternative view.

Rahulmagic (19 Points)
Replied 28 July 2019

Hey, how can i be 100% sure that digital marketing is covered under the list of professions. Please guide.

Rahulmagic (19 Points)
Replied 28 July 2019

Hey, how can i be 100% sure that digital marketing is covered under the list of professions. Please guide.

saksham sharma (2 Points)
Replied 12 May 2023

Digital marketing professionals, like all self-employed or salaried individuals, are required to file their income tax returns (ITRs) every year to comply with tax laws.
ITRs provide an overview of an individual's income, expenses, and taxes paid, which can help the tax authorities calculate the amount of tax owed by the individual.
Digital marketers may be eligible for certain tax deductions if they incur business-related expenses such as advertising, website hosting, software subscripttions, and travel expenses.

fahad ansari (2 Points)
Replied 12 May 2023

Income from Digital Marketing: Any income earned through digital marketing, such as freelance work, consulting fees, or affiliate marketing commissions, must be reported as income on your tax return.
Tax Deductions: You can claim tax deductions for expenses related to your digital marketing work, such as internet bills, software subscripttions, and other business-related expenses.
GST: If your digital marketing work involves providing services or selling products, you may be required to register for and pay GST (Goods and Services Tax).

Vijay (Business ) (2 Points)
Replied 19 December 2023

Today is 19dec 2023

Can anyone pls give answer as to which itr code to be selected under 44ad?

Pls check this before answering

https://www.taxfull.com/17652/i-provide-digital-marketing-services-to-my-clients-in-us-should-i-opt-for-44ad-or-44ada

Thanks.

digitalencho01 (ca) (22 Points)
Replied 02 January 2024

In the world of digital marketing, ITR stands for Influencer-Targeted Marketing, a cool way to make your mark online. Imagine it like teaming up with a social media superhero to get more people excited about your brand. Here's the scoop:

**1. Supercharged Partnerships:

Buddy Up with Influencers: Team up with popular online influencers who love your brand, making your product the talk of the digital town.
Show and Tell: Influencers share your product with their followers, showcasing it in a way that's super relatable and fun.
Trust Building: Since followers trust their favorite influencers, it's like getting a thumbs-up from a friend, making your brand more credible.

**2. Digital High-Fives:

Increased Visibility: With influencers on board, your brand gets seen by more eyes, like having a spotlight on your awesome product.
Engagement Boost: People love what influencers recommend, so it's like getting a bunch of virtual high-fives, boosting your brand's popularity.
Digital Cheers: Influencers create a buzz about your brand, turning it into a digital party where everyone wants to join.

**3. Cool Connection Points:

Targeted Reach: ITR helps you reach specific audiences through influencers that match your brand, like connecting with friends who share similar interests.
Online Word of Mouth: Influencers talk about your brand like a friendly chat, turning it into the modern version of word-of-mouth marketing.
Digital Fun: It's like having a famous friend talk about your brand – making it exciting and trendy.

Visit us : https://encho.in/