What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)?

What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)? https://www.taxtmi.com/manuals?id=4101 Opting for the presumptive taxation scheme under section 44ADA and declaring professional income below the presumptive rate, if the declared income exceeds the maximum non-taxable amount, obliges the taxpayer to maintain books of account under section 44AA and to obtain an audit under section 44AB. en-us Mon, 25 Dec 2023 11:00:00 +0530 Wed, 10 Jan 2024 15:48:00 +0530 TaxTMI RSS Generator What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)? https://www.taxtmi.com/manuals?id=4101 Opting for the presumptive taxation scheme under section 44ADA and declaring professional income below the presumptive rate, if the declared income exceeds the maximum non-taxable amount, obliges the taxpayer to maintain books of account under section 44AA and to obtain an audit under section 44AB. Manuals Income Tax Mon, 25 Dec 2023 11:00:00 +0530 https://www.taxtmi.com/manuals?id=4101