Presumptive taxation for services

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We run a small information retrieval business with only 1 employee for a foreign client and income comes through bank.  we were earlier told that this would come under business since we do akin to jobwork for client. client assigns some file for us to search on net. we fill in data and send back. but now we are told that this wont come under business and is service. Kindly advise if information retrieval on net is job work or service. 

 

 

Replies (4)
It is a service. But service tax registration is required only if amount exceeds Rs. 900000/-. Further to mention that the income will be taxable under the head PGBP only.
Service exported is fully exempt ....

Sir,

Will we be able to file under Section 44AD for this business.

if u are individual huf or partnership firm have turnover less then sixty lakh ...can pay 8% under 44ad


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