Presumptive taxation exclusion: section 44AB inapplicable where profits declared under section 44AD(1) or section 44ADA(1), effective April 2024. The amendment substitutes the first proviso to section 44AB, excluding persons who declare profits and gains under sub section (1) of section 44AD or sub section (1) of section 44ADA from the applicability of section 44AB, thereby making the audit requirement inapplicable to such presumptive taxpayers, effective from 1 April 2024.