Income Tax Act 1961 vs Income Tax Act 2025 | Deduction vs Rebate vs Relief Complete Comparison | 80C to 91 Explained If you want structured Income Tax learning, comment “MASTER”. This 60-minute masterclass explains the complete framework of Chapter VI-A deductions, rebate and relief provisions under the Income Tax Act 1961 and the New Income Tax Act 2025. In this detailed session, CA Devesh Thakur covers: ✔ Meaning of Gross Total Income (GTI) ✔ Section 80A framework and basic rules ✔ Section 80C

Section 44AD is presumptive taxation scheme for small business owners & professionals. Instead of maintaining detailed books, you simply declare a fixed % of your total turnover as income. Here’s how it works: • If your total turnover is up to ₹3 Crore • & you receive most payments digitally (through UPI, cards, etc.) Then you can declare: ✅ 6% of your turnover as your “income” (for digital receipts) ✅ 8% if you receive payments in cash Example 👇 If your annual turnover = ₹80 lakh (all digital)