📌 Presumptive Taxation Reimagined – Section 58, Income-tax Act, 2025 скачать в хорошем качестве

📌 Presumptive Taxation Reimagined – Section 58, Income-tax Act, 2025

📌 Presumptive Taxation Reimagined – Section 58, Income-tax Act, 2025 The new Section 58 under the Income-tax Act, 2025 marks a structural shift (not just a rate change) in presumptive taxation. While Sections 44AD, 44ADA & 44AE under the 1961 Act focused on relief through simplification, Section 58 focuses on clarity through codification. 🔍 What’s changed in substance? ✔ One consolidated section for business, profession & transport ✔ Table-based computation → less ambiguity, less litigation ✔ Digital vs cash receipts built into the computation itself ✔ Clear segregation of eligible assessee vs specified assessee ✔ Stronger exclusion norms to prevent misuse ✔ Presumptive income now overrides Sections 26–54 (much wider scope) 📘 Key takeaway: Section 58 doesn’t expand benefits — it tightens definitions, improves certainty, and strengthens compliance discipline. For professionals and MSMEs, this means: ➡ predictable tax positions ➡ reduced interpretational disputes ➡ better advisory planning The law is clearly moving from discretion-based assessment to rule-based taxation. #PresumptiveTaxation #IncomeTaxAct2025 #Section58 #TaxReformsIndia #CharteredAccountant #CACommunity #MSMETax #TaxCompliance #DirectTax #IndianTaxLaw