The claim
Businesses in India with a turnover of up to ₹2 crore are completely exempt from taxes.
Original review summary
The review explains that Section 44AD is an optional presumptive-tax scheme, not a universal tax exemption: qualifying businesses may declare 6% or 8% of turnover as profit. It says only proprietorship businesses may owe no income tax if their presumed profit is within ₹12 lakh; other business types, higher taxable profits, and taxes such as GST may still result in tax obligations.[S1]
Research date:
Sources and attribution
- [S1] FACTLY original review
Original review · Retrieved October 16, 2026
Original review: FACTLY. Structured data compiled by Data Commons under CC BY 4.0. Publisher article content is subject to its own terms. Summaries and context are produced by PeakMetrics with AI assistance.
Updated