SEO Sai Gr. Hosp.
209980 Points
Joined July 2016
For specified professions sec. 44ADA can be opted. Eligible for total receipts upto 50 lakhs.
There is no restriction of 5 years for such profession under sec. 44ADA. They can opt in and out of the presumptive assessment without any restriction every next AY.
Only restriction is minimum 50% profit margin, otherwise audit u/s. 44AB(d) of IT act.