In case of a person engaged in a specified profession as referred in sections 44AA(1) and opts for presumptive taxation scheme ofsections 44ADA, the provision of sections 44AA relating to maintenance of books of account will not apply. In other words, if a person opt for the provisions of sections 44ADA and declares income @50% of the gross receipts, then he is not required to maintain the books of account in respect of specified profession.
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