44AD and high-margin business

This discussion explores whether a software development business, which outsources development and sells utilities like off-the-shelf products, can opt for presumptive taxation under Section 44AD. The core question is whether the 8% profit margin applies even if actual profits are higher, and if software development falls under business or profession for tax purposes. It clarifies that actual profit or the presumptive rate (8% or 6% for digital sales), whichever is higher, must be reported.