Sir,
Form 25 maintained compulsory or not for tax audit professionalls or small tax payers or both persons applicable f.y.25-26 as per new income tax act 2025
Yes, Form 25 (earlier Form 3C) is mandatory for all doctors and medical practitioners whose gross receipts exceed ₹1.5 lakh in any of the three previous years or are expected to exceed this threshold in the current year. This is a record-keeping requirement, not a filing requirement, so you must maintain it daily and keep it for seven years in case of an audit.
Even if a doctor opts for presumptive taxation under Section 58(2) (previously Section 44ADA) for declaring 50% of receipts as income, they are still required to maintain Form 25. The presumptive taxation scheme only exempts professionals from maintaining regular books of accounts like cash book, ledger, and journal but Form 25 is a special requirement specifically for medical professionals and is NOT exempted.
In short, both small taxpayers and tax audit professionals must maintain Form 25 if their receipts exceed ₹1.5 lakh, regardless of their taxation method.
Hope this helps!
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