https://www.taxtmi.com/article/detailed?id=2081 Income from click based website advertisements paid via an intermediary is commission income rather than rent or ordinary business receipts; often amounts to agency business due to contractual restrictions. Presumptive taxation is inapplicable, requiring maintenance of regular books and computation of taxable income on actual basis, with tax audit applying when statutory turnover thresholds are exceeded. For indirect taxes, selling online ad space is exempt under the negative list, but canvassing or soliciting ads for commission is taxable as Business Auxiliary Service, subject to applicable threshold exemptions. en-us Mon, 18 Mar 2013 15:41:37 +0530 Mon, 18 Mar 2013 15:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2081 Income from click based website advertisements paid via an intermediary is commission income rather than rent or ordinary business receipts; often amounts to agency business due to contractual restrictions. Presumptive taxation is inapplicable, requiring maintenance of regular books and computation of taxable income on actual basis, with tax audit applying when statutory turnover thresholds are exceeded. For indirect taxes, selling online ad space is exempt under the negative list, but canvassing or soliciting ads for commission is taxable as Business Auxiliary Service, subject to applicable threshold exemptions. Articles Income Tax Mon, 18 Mar 2013 15:41:37 +0530 https://www.taxtmi.com/article/detailed?id=2081