Work through tax-regime choices, presumptive taxation and compliance questions for business and professional income.
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A practical guide to HUF income tax in India: what income belongs to an HUF, section 64(2) clubbing, return-form selection, documentation and section 171 partition rules.
Section 44AD is for small businesses and 44ADA for specified professions. Eligibility, the 5% cash test, presumptive rates, section 58 of the Income-tax Act, 2025 and five worked calculations.
Form 10-IEA lets business and professional taxpayers leave the new tax regime once and re-enter once. Due date, section 202 of the 2025 Act, lock-in rules and worked comparisons.
Section 44ADA lets eligible resident professionals compute taxable professional income on a presumptive basis. This guide explains who can use it, how the 50% rule works, when the higher ₹75 lakh threshold can apply, and what changes when profit is declared below the presumptive level.
Section 44AD lets eligible small businesses compute taxable profit on a presumptive basis instead of claiming detailed business expenses. This guide explains who can use it, how 6% and 8% rates work, the turnover conditions, the five-year lock-out issue, advance tax treatment, and practical examples.
Using this collection
These articles distinguish business and professional rules where the available choices, forms and consequences differ. They are designed to support an informed discussion with a tax adviser, not to replace taxpayer-specific computation or current statutory verification.
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