Statutory Registry • Tier 1 & 2 Authority
Presumptive Tax Statutory Sources & Citations
Official legislative citations and government portal links for Sections 44AD, 44ADA, 44AA, 211, 234B, 234C, 115BAC, 87A, 288A/B, and Rule 119A.
Section 44AD(1) — Income-tax Act, 1961
Deemed profit calculation: 6% for non-cash and 8% for cash turnover for eligible small businesses.
Section 44ADA(1) — Income-tax Act, 1961
50% deemed profit on gross receipts for specified professions under Section 44AA(1) (including IT/software).
Section 211(1)(b) & Section 234C(1)(b) — Income-tax Act, 1961
Single March 15 advance tax installment and 1% deferment interest on unpaid balances.
Rule 119A — Income-tax Rules, 1962
Statutory truncation of interest calculation principal base to lower multiples of ₹100.