§ 44AD
Presumptive Tax
Presumptive income — business
Income-tax Act, 1961
Lets eligible small businesses (turnover up to ₹2 crore, or ₹3 crore if 95% receipts are digital) declare profit at 8% of turnover (6% for digital receipts) without maintaining detailed books.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.