I got a software developed and the said software is now being sold online via multiple marketing methods. The software is "off the shelf" and no custom software development or service is being provided for anybody. The software is there and anyone can pay and buy it, the income from this software is mostly from foreign countries. On the expense side there are very little expenses.
My questions are:
1). Is this income professional or business?
2). If business can we file our returns under section 44AD in this case?
3). What will be the correct purpose code to get international payments?
4). What about GST, is a GST exemption certificate must in this case?
CAclubindia
