https://www.taxtmi.com/forum/issue?id=3028 The adviser explains that the 44AD presumptive scheme is optional only where the taxpayer elects to have their accounts audited by a chartered accountant; if a taxpayer with turnover below the statutory threshold does not opt for audit, the presumptive regime effectively operates as the mandatory compliance route and the taxpayer would not seek a regular audit. en-us Tue, 24 May 2011 18:16:03 +0530 Thu, 23 Jan 2025 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3028 The adviser explains that the 44AD presumptive scheme is optional only where the taxpayer elects to have their accounts audited by a chartered accountant; if a taxpayer with turnover below the statutory threshold does not opt for audit, the presumptive regime effectively operates as the mandatory compliance route and the taxpayer would not seek a regular audit. Discussion-Forum Income Tax Tue, 24 May 2011 18:16:03 +0530 https://www.taxtmi.com/forum/issue?id=3028