Can i consider my business under Presumptive Income & its Taxation – under section 44AD?

[Harish GV]

Hello

I am Domineer from India. I buy and sell domain names to inside and outside India and domain names are like google.com, name.com, yourBusiness.in etc..
I purchase huge domain names from godaddy.com, bigrock.com every year and whenever any person/company wanted one of my domain name i sell to them.
Recently i opened Proprietor firm and i made turnover around 65 lakh and 100% receipts came from foreign vendors, since it is export of service it will fall under ZERO rated GST.

and now my questions are
1. Does it consider Professional or Business?
2. Does it comes under the auditing (since it is proprietor firm and turnover is 65 lakh)?
3. Can I Declare this as Presumptive Income & its Taxation – under section 44AD (8% sales of business turnover), it is a small business and turnover is less than 2 crore?
4. What kind of tax do i need to pay (my 100% earnings are from outside the India only)?

Thank you

AI Summary

Presumptive taxation: eligibility for small-business presumptive scheme may apply, subject to audit thresholds and export treatment. Trading in domain names conducted by a proprietor is treated as business, which affects eligibility for Presumptive Taxation under section 44AD and audit obligations. Export receipts are subject to zero-rated GST, while income-tax treatment follows residential-source rules. Applicability of a tax audit depends on statutory turnover thresholds, and eligibility for section 44AD requires meeting the scheme's turnover ceiling and other conditions before applying the presumptive rate.