Akash Gupta (Accounting) (69 Points)
28 November 2017We have a network of websites developed by us.
The sources of revenue on these websites are -
1) Subscripttion by users
2) Ad slots by direct advertisers (not google ads)
3) Leasing out certain portions of the website to third parties. We don't get commissions on these.
Is it okay for filing IT returns using Section 44AD for our firm in this case ?
sameer shah
(24 Points)
Replied 29 November 2017
Akash Gupta
(Accounting)
(69 Points)
Replied 29 November 2017
Sir, Both the options are open. Either the advertiser can give us the content which we can then post on the website and charge them.
Second option is to give them direct access to ad management portal where they can themselves control the pricing and as to what ads they want to show. Kindly advise.
| Originally posted by : sameer shah | ||
 |
The ad slot by direct advertisers will be controlled by them ? |  |
CA JANESH CHHATBAR
(OWNER)
(32 Points)
Replied 29 November 2017
Akash Gupta
(Accounting)
(69 Points)
Replied 29 November 2017
Thank you sir. I'll wait for your response.
| Originally posted by : CA JANESH CHHATBAR | ||
|
I ll get back to you on this day after tomorrow. | |
sameer shah
(24 Points)
Replied 29 November 2017
Akash Gupta
(Accounting)
(69 Points)
Replied 29 November 2017
But, sir, we are not taking commission. We are charging the full amount that is directly paid to our bank accounts even if we give option to advertisers to select the ad slots based on time.
| Originally posted by : sameer shah | ||
|
If you qualify as commission income you get out of 44AD. second option is not favorable for 44AD. | |
CAclubindia
