How to Add Presumptive Income Details in myITreturn.com? – myITreturn Help Center

Unable to complete your ITR filing?

Connect with our team on WhatsApp for tax expert assistance

If you are declaring business income under the presumptive taxation method, you can enter your turnover/gross receipts and corresponding presumptive profit directly in your myITreturn account.

The steps below explain how to add presumptive business income details in myITreturn.com for A.Y. 2026-27.

Step 1: Open Business / Professional / Freelancer Income

From the top menu, click Income and select Business / Professional / Freelancer Income.

This will open the page for entering income from business, profession or freelancing.

Step 2: Enter Your Business Details

On the Details of Income from Business, Profession or Freelancing screen, enter the basic details of your business.

You will be required to provide:

Type of Business
Nature of Business
Name of Business

Enter the details applicable to the business for which you are reporting presumptive income.

Step 3: Enter Turnover/Gross Receipts Received in Bank

Under A. Turnover/Gross Receipts in Bank, enter the turnover or gross receipts of the business that were directly received in your bank account.

The screen contains the following fields:

Turnover/Gross receipts of Business which are directly received in your Bank Account
Estimated profit % on Bank Receipts
Amount of Profit on Bank Receipts

Step 4: Enter Cash Receipts or Other Amounts Covered in Part B

Under B. Turnover/Gross Receipts not included in Part A above, enter the applicable turnover/gross receipts received in cash or other amounts covered by this category on the filing screen.

The fields include:

Turnover/Gross receipts which are received in Cash or amount not received till Due Date of Filing of Return
Estimated profit % of Other Turnover/Gross receipts
Amount of Profit on Cash Turnover

Step 5: Enter Turnover/Gross Receipts Received Through Other Modes

If you have business receipts that are not included in the earlier categories, enter them under the section for turnover/gross receipts received through other modes.

You will find the following fields:

Turnover/Gross receipts which are received in other mode
Estimated profit % of Other Turnover/Gross receipts
Amount of Profit on Other Mode Turnover

Enter the applicable amount and review the presumptive profit shown for such receipts.

Step 6: Review Total Presumptive Profit

After entering all applicable turnover or gross receipt details, check the field:

Total profit under Presumptive Business u/s 44AD

This represents the total presumptive business profit based on the information entered in the preceding sections.

Review both the turnover and calculated profit carefully before proceeding.

Step 7: Enter TDS Details

Under D. Add Information regarding TDS, enter the amount of TDS Deducted, wherever applicable.

Ensure that the amount entered is consistent with your available tax records.

Step 8: Save the Details

Once all applicable details have been entered and verified, click SAVE.

Your presumptive income details will then be added to your return.

Important points to check before saving

Select the correct Type and Nature of Business.
Enter turnover separately according to the mode/category of receipt shown on the screen.
Do not enter the same turnover in more than one category.
Review the presumptive profit percentage and calculated profit before saving.
Enter TDS details only where applicable.
Ensure the figures entered are supported by your bank records, invoices, books or other relevant documents.

Note: The screenshots shown above relate to the presumptive business income entry screen under Section 44AD. Eligibility for presumptive taxation and the applicable tax treatment depend on the nature of business, taxpayer category and the provisions applicable to the return being filed.

For Assisted Service, please WhatsApp us on +91-9320546101 or raise a support ticket here