Find
From tax year 2026-27, presumptive taxation of professionals is in Sec 58 of the Income-tax Act 2025 (old Sec 44ADA), along with business and goods carriage schemes. The idea of 50% deemed income continues.
ITR
Presumptive scheme for professionals from tax year 2026-27
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Provisions
Sec 58, Income-tax Act 2025 (old Sec 44ADA); Sec 202, Income-tax Act 2025 (old Sec 115BAC); Rule 76, Income-tax Rules 2026 (old Rule 128), with Form 44 (old Form 67)
Analysis
Your FY 2025-26 return uses Sec 44ADA. For income earned from 1 April 2026, refer to Sec 58. Example: a consultant planning invoicing for tax year 2026-27 should track receipts against the limits in Sec 58 and plan advance tax under Sec 408. Foreign tax credit claims for that year use Form 44 (old Form 67).
Close
- Use Sec 44ADA for FY 2025-26
- Use Sec 58 for tax year 2026-27 onwards
- Track receipts against the limits from April
- Note Form 44 for foreign tax credit
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