44AD applicability

This discussion clarifies the applicability of Section 44AD for hallmarking dealers earning income solely from assaying charges. It confirms that you can indeed file under 44AD even if your net profit exceeds 8%. However, be aware that if your turnover surpasses £2 crore, you will be subject to a Tax Audit under Section 44AB. For digital payments, the presumptive profit rate is limited to 6%.