https://www.taxtmi.com/forum/issue?id=114586 Whether income from buying and selling domain names by a sole proprietor qualifies for presumptive taxation under section 44AD. The proprietor reports a turnover of around sixty five lakh with 100% receipts from foreign purchasers treated as zero rated for GST. The core issues are business versus profession classification, audit obligation at the stated turnover, eligibility for the presumptive scheme for qualifying businesses below the turnover threshold, and tax consequences of exclusively foreign receipts. en-us Tue, 05 Feb 2019 18:10:56 +0530 Thu, 23 Jan 2025 15:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114586 Whether income from buying and selling domain names by a sole proprietor qualifies for presumptive taxation under section 44AD. The proprietor reports a turnover of around sixty five lakh with 100% receipts from foreign purchasers treated as zero rated for GST. The core issues are business versus profession classification, audit obligation at the stated turnover, eligibility for the presumptive scheme for qualifying businesses below the turnover threshold, and tax consequences of exclusively foreign receipts. Discussion-Forum Income Tax Tue, 05 Feb 2019 18:10:56 +0530 https://www.taxtmi.com/forum/issue?id=114586