https://www.taxtmi.com/manuals?id=4093 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. en-us Mon, 25 Dec 2023 10:49:00 +0530 Wed, 10 Jan 2024 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4093 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. Manuals Income Tax Mon, 25 Dec 2023 10:49:00 +0530 https://www.taxtmi.com/manuals?id=4093