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    <title>If a person adopts the presumptive taxation scheme of section 44ADA, then he is required to maintain books of account as per section 44AA?</title>
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    <description>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.</description>
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      <description>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.</description>
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      <pubDate>Mon, 25 Dec 2023 10:59:00 +0530</pubDate>
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