You can ITR-4 as presumtive income for digital Marketing
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.
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.
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).
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.
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