Hi I own two websites
prajwalbhat.in which i am providing web related services i collect payment using sb account offline.
I just started another website creepdomains.com providing domain registration and hosting services i collect payment using paypal with international customers linking my sb account and use payumoney gateway to collect amount in inr linking sb account.
Have turn over around 1.2 - 1.5 lakhs per annum have maintained all the records from June 2013 as turn over is < 2lakhs per annum i never registered a company and filed my taxes.So is it fine i register a company and file the taxes once my turn over crosses 2 lakhs per annum or is it must to register a company and file my taxes even is turnover less than 2 lakhs.
CAclubindia
