Checked elsewhere / FACTLY / Economy and jobs

“Businesses in India with a turnover of up to ₹2 crore are completely exempt from taxes.”
Social media posts Claim dated 11 Feb 2025.
FACTLY rated thisMISLEADING

What FACTLY found

Under Section 44AD of Income Tax Act, 1961 , eligible businesses meeting certain criteria can declare 6-8% of turnover as profit, and if this remains within ₹12 lakh, no income tax is payable. However, this is applicable only for individuals, meaning only Proprietorship businesses. Other businesses like partnership firms, one person companies and other companies will have to pay taxes even if the profit remains within ₹12 lakh. Further, those with higher cash transactions or actual profits ex...

Their words, from the summary they publish with the rating.

In short

This claim spread on social media around 11 February 2025. FACTLY (India) looked into it and published its finding on 13 February 2025, 2 days later. Its rating was “MISLEADING”.

Where the claim appeared

Links recorded by FACTLY. Some posts may have been deleted since.

This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.