Taxability of sale of website
rishabh kandari (student) (36 Points)
12 December 2015rishabh kandari (student) (36 Points)
12 December 2015
jaya krishna
(Chartered Accountant)
(262 Points)
Replied 12 December 2015
yes it canbe treated as a presumptive business income (section 44AD). convert USD to indian rupees (as on the date of sale conversing price) for determining turnover.