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Presumptive Income Tax Filing (Sec 44AD & 44ADA)

Simplified tax compliance for small businesses, freelancers, and professionals.

Presumptive Taxation under Section 44AD & 44ADA is widely used because it allows simplified tax filing without detailed books of accounts.

What is Presumptive Taxation?

Under Section 44AD (for businesses) and Section 44ADA (for professionals) of the Income Tax Act, eligible taxpayers can declare income on a presumptive basis, avoiding the need to maintain complex books of accounts. This means:

Pay tax on a presumed percentage of turnover/income
No need for detailed accounting or audits (if conditions are met)
Reduced compliance burden with faster filing

At FinnovateAI, we ensure your presumptive tax filing is not just fast and compliant but also optimized for savings.

Who Can Opt for Presumptive Scheme?

Section 44AD - For small businesses (turnover up to ?2 crore)
Presumed income = 8% of turnover (6% if digital transactions)
Section 44ADA - For professionals (income up to ?50 lakh)
Presumed income = 50% of gross receipts

Our Presumptive ITR Filing Services

Eligibility Check - Ensure you qualify for Sec 44AD/44ADA scheme
Income Computation - Apply prescribed percentages with adjustments
Tax Liability Calculation - Advance tax, TDS credits, and final liability
Deductions & Exemptions - Maximize Sec 80C, 80D, and other benefits
ITR Filing (ITR-4/ITR-3) - End-to-end online filing with acknowledgment
Tax Planning Advisory - Guidance on when to stay in presumptive vs. opt out
Notice Handling - Support in case of scrutiny or compliance notices

Why Choose FinnovateAI?

CA-Guided Filing Accuracy with professional oversight
Save Time & Effort No need for maintaining detailed accounts
Audit-Free Compliance Avoid unnecessary audits (if within limits)
Tailored Advice Switch between presumptive & regular schemes strategically
Affordable Packages Designed for small businesses and professionals

Our Process

Check Eligibility Confirm turnover/income criteria
Document Upload Provide turnover/receipts summary, Form 26AS, bank statements
Tax Computation Apply presumptive scheme with deductions
ITR Filing & E-Verification Quick, compliant filing
Advisory & Future Planning Roadmap for next year’s filing strategy

Ideal For

Small Traders & Shop Owners
Freelancers & Consultants
Doctors, Lawyers, Architects, Accountants, Designers, IT Professionals
Independent Contractors & Digital Entrepreneurs