Circular No. 6/2016 — Presumptive taxation for professionals u/s 44ADA
Date: 2016-02-29 Status: ACTIVE Category: Business Income / Deductions Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Presumptive taxation scheme under section 44ADA for professionals. Income declared at 50% of gross receipts.
Key Directions
- Available for professionals specified in section 44AA(1).
- Gross receipts must not exceed Rs. 75 lakhs (if digital receipts > 95%).
- Deemed income: 50% of gross receipts.
- No requirement to maintain books of account.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 44ADA | 58 | Yes |
Cross-References
Act Sections
- Section 44ADA
- Section 58
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars