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<h1>Presumptive taxation under section 44AD exempts businesses from maintaining books under section 44AA when eligible.</h1> Adoption of the presumptive taxation scheme under section 44AD removes the obligation to maintain books of account mandated by section 44AA for the business income covered by the presumptive regime; recordkeeping duties under section 44AA continue to apply to other businesses or professions not covered by section 44AD.