Under the ordinary threshold in section 62 of the Income-tax Act, 2025, for an assessee other than an…

For an assessee other than an individual or HUF, section 62 of the Income-tax Act, 2025 (formerly section 44AA(2)(i) of the Income-tax Act, 1961) requires books of account where income from business or profession exceeds "₹1,20,000" (or turnover exceeds ₹10 lakh) in any of the three tax years immediately preceding; for individuals and HUFs the provision substitutes higher thresholds of ₹2,50,000 and ₹25 lakh.