Answer

1. F

   Facts

   For tax year 2026-27 onwards, presumptive income for businesses, professions and goods carriages is in Sec 58 of the Income-tax Act 2025, which brings together the old Sec 44AD, 44ADA and 44AE. Returns for tax year 2026-27 will be filed in 2027.

2. P

   Provisions and law

   • Sec 58, Income-tax Act 2025 (old Sec 44AD)Presumptive business income
   • Sec 58, Income-tax Act 2025 (old Sec 44ADA)Presumptive professional income
   • Sec 58, Income-tax Act 2025 (old Sec 44AE)Presumptive income for goods carriages
3. A

   Analysis

   The main ideas carry over: percentage of turnover or receipts, limits linked to cash receipts, and no separate expense deduction. Plan now for tax year 2026-27: keep digital and cash receipts separate, pay advance tax by 15 March 2027, and keep year end balances. Check the final limits in Sec 58 and the new return form when notified.

4. C

   Conclusion

   1. 1Use Sec 58 of the 2025 Act for tax year 2026-27 matters
   2. 2Track digital and cash receipts from April 2026
   3. 3Pay advance tax by 15 March 2027
   4. 4Check the new return form when notified

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