📌 Presumptive Taxation Reimagined – Section 58, Income-tax Act, 2025
Автор: CA Manish M Millennium Chartered Accountant
Загружено: 2026-01-24
Просмотров: 45
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📌 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
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