Section mapper · Freelance and business income
Section 44AA of the Income-tax Act, 1961 is now
section 62 of the Income-tax Act, 2025
When a freelancer has to keep books of account.
- Was
s.44AA, Income-tax Act, 1961 (repealed)- Is now
s.62(1), Income-tax Act, 2025- In force from
What changed
Renumbered. Section 62(1) keeps the two limbs — a specified profession always, and any other business or profession once the income or turnover thresholds are crossed — and keeps the prescribed-books requirement for the specified professions.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.44AB → s.63 — When your accounts have to be audited
- s.44ADA → s.58 — Presumptive tax for freelancers and professionals — 50% of receipts
- s.44AD → s.58 — Presumptive tax for small businesses — 6% or 8% of turnover