Presumptive Taxation under Section 44ADA & 44AD: Tax Savings Guide for IT Consultants and Freelancers in Pune

Section 44ADA Presumptive Taxation: The Ultimate Shield for Professionals

For IT engineers, software architects, UI/UX designers, and legal/marketing consultants in Pune earning independent consulting income, maintaining cumbersome accounting books is an unnecessary burden. Under Section 44ADA of the Income Tax Act, eligible professionals with annual gross receipts up to ₹75 Lakhs (provided 95%+ of receipts are received digitally) can declare only 50% of their gross receipts as taxable profit, paying zero tax on the remaining 50% without needing to maintain accounting books or undergo a tax audit.

For filing ITR-4 Sugam, explore our ITR filing guide in Pune or speak to our tax specialists.

Who is Eligible Under Section 44ADA?

• Software engineers, technical consultants, and IT contractors.
• Chartered Accountants, company secretaries, and legal advocates.
• Medical practitioners, interior decorators, and architects.