Presumptive Taxation Archives

Section 58 Explained: Key Changes in Presumptive Taxation Under Budget 2025

Post author:TAXVIC
Post published:May 7, 2025
Post category:Presumptive Taxation Presumptive Taxation Scheme
Reading time:6 mins read

The Union Budget 2025 has introduced significant reforms in the presumptive taxation regime by proposing Section 58 in the Income Tax Act. This new section aims to consolidate and replace Sections…

Section 44ADA: Presumptive Tax Scheme for Professionals in India

Post author:TAXVIC
Post published:November 16, 2023
Post category:44AD, 44ADA and 44ADE 44ADA PERSONAL FINANCE Presumptive Taxation
Reading time:7 mins read

Income tax rules in India include a number of features designed to make the taxes procedure easier for different types of taxpayers. Section 44ADA of the Income Tax Act, which…