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If a person adopts the presumptive taxation scheme of section 44ADA, then he is required to maintain books of account as per section 44AA?

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Presumptive taxation for specified professionals exempts maintenance of books of account when the professional opts into the scheme. Where a specified professional elects the presumptive taxation scheme and declares income on the prescribed presumptive basis, the statutory provisions mandating maintenance of books of account for such professions do not apply, and the professional is not required to maintain books of account in respect of that specified profession.

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Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

Provisions expressly mentioned in the judgment/order text.

Presumptive taxation for specified professionals exempts maintenance of books of account when the professional opts into the scheme.

Where a specified professional elects the presumptive taxation scheme and declares income on the prescribed presumptive basis, the statutory provisions mandating maintenance of books of account for such professions do not apply, and the professional is not required to maintain books of account in respect of that specified profession.

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If a person adopts the presumptive taxation scheme of section 44ADA, then he is required to maintain books of account as per section 44AA?

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If a person adopts the presumptive taxation scheme of section 44ADA, then he is required to maintain books of account as per section 44AA?

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Presumptive taxation for specified professionals exempts maintenance of books of account when the professional opts into the scheme.

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