| Question And Answer | |
|---|---|
| Subject: | Advantages and disadvantages new it act 2025 for sec 44ada and 44ad persons |
| Category: | Income-Tax |
| Querist: | Sundaraiah Kollipara |
| Answered by: | Law Intern |
| Tags: | Presumptive taxation |
| Date: | April 11, 2026 |
Sir,
Any itr returns individual business and professional filed persons advantage and disadvantage new it act 2025 itr returns purpose 25-26
For FY 2025-26, the old Act applies. The new Act does not affect ITRs filed for FY 2025-26. It applies only from FY 2026-27.
New Income Tax Act 2025 merges old Sections 44AD, 44ADA & 44AE into a single Section 58 (Presumptive Taxation Scheme).
Key features are nearly the same. Most small genuine low-margin businesses/professionals will see little day-to-day difference. High-margin or highly variable-profit cases may face higher tax or audit costs.
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