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.

frequently asked

Is Section 58 of the Income-tax Act, 2025 a new provision?

No — it derives from Section 44AA, Section 44AB, Section 44AD, Section 44ADA, Section 44AE of the Income-tax Act, 1961.

What does Section 58 of the Income-tax Act, 2025 deal with?

Section 58 — "Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents", under CHAPTER IV - COMPUTATION OF TOTAL INCOME of the Income-tax Act, 2025.

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same chapter · chapter iv - computation of total income · income-tax act, 2025

Section 54 — Business of prospecting for mineral oils
Section 55 — Insurance business
Section 56 — Special provision in case of interest income of specified financial institutions
Section 57 — Revenue recognition for construction and service contracts
Section 59 — Computation of royalty and fee for technical services in hands of non-residents
Section 60 — Deduction of head office expenditure in case of non-residents
Section 61 — Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents
Section 62 — Maintenance of books of accounts

frequently looked up · income-tax act, 2025

§2 · §4 · §13 · §14 · §16 · §20 · §26 · §46 · §59 · §63 · §67 · §86 · §92 · §111 · §118 · §122 · §123 · §150 · §170 · §179 · §185 · §202 · §203 · §206 · §211 · §228 · §253 · §263 · §268 · §270 · §279 · §287 · §289 · §294 · §303 · §313 · §316 · §319 · §334 · §349 · §351 · §353 · §393 · §397 · §398 · §401 · §405 · §410 · §412 · §413 · §423 · §427 · §464 · §475 · §489 · §499 · §500 · §536