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Section 58 — Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents: its source in the Income-tax Act, 1961
Section 58 (Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents) of the Income-tax Act, 2025 consolidates Section 44AA, Section 44AB, Section 44AD, Section 44ADA and Section 44AE of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 44AA — Maintenance of accounts by certain persons carrying on profession or business
- Section 44AB — Audit of accounts of certain persons carrying on business or profession
- Section 44AD — Special provision for computing profits and gains of business other than cruise shipping on presumptive basis
- Section 44ADA — Special provision for computing profits and gains of profession on presumptive basis
- Section 44AE — Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
read both texts · §44AA (1961) vs §58 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
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