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44ADA presumtiive taxation in case of professional person

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(Querist)
23 December 2023 If Professional person Opts for 44ADA in income tax then in second year of filing of Income Tax Return can he opts out ? In business, person opting 44AD in one year has to follow the same system for next 5 years. Is there any clause like this in professional person ?
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RAJA P M

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RAJA P M (Expert)
24 December 2023 No... He can opt out.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 September 2025 There is no such binding clause in sec. 44ADA IT act. But professionals are required to get their accounts audited mandatorily if the section is applicable and the profit margin is below 50%.
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