Presumptive Taxation: Save Time on Taxes in 2025

Introduction: Taxes Made Easy

Running a small business or freelancing in FY 2024-25? Presumptive taxation under Sections 44AD/44ADA lets you skip complex books, saving time and money. Declare 6-8% of turnover as income, file ITR-4, and you’re done. But miss the rules, and you face audits or penalties. Credfill’s helped Patna shopkeepers and freelancers file by July 31, 2025, hassle-free. Here’s how presumptive taxation works in 2025.

Who Qualifies?

• 44AD: Businesses with turnover up to ₹2 crore (₹3 crore if cash receipts <5%).
• 44ADA: Professionals (doctors, lawyers) with receipts up to ₹50 lakh (₹75 lakh if cash <5%).
• Income: 8% of cash receipts, 6% digital, or 50% for professionals.

A Patna kirana store with ₹1 crore turnover declared ₹6 lakh income, no books needed.

Benefits

• No Ledger: Skip detailed accounting.
• Low Audit Risk: No audit unless income dips below 6-8%.
• Fast Filing: ITR-4 is simple.

A Nagpur freelancer saved 20 hours monthly with 44ADA. Credfill filed her ITR-4 in 2 days.

Watch Out

• Turnover above limits? Switch to ITR-3 with books.
• Late filing? ₹5,000 penalty.
• A Bihar shopkeeper misreported turnover, facing scrutiny. Credfill fixed it.

Why Credfill?

Presumptive taxation is simple with Credfill. We verify receipts, file ITR-4, and keep you compliant. Start 2025 easy – upload your docs, and we’ll handle the rest.

Need help filing your ITR and claiming your refund for FY 2024–25? Chat with us now on WhatsApp and get started instantly! Alternatively you can book our ITR filing services by visiting our website.

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