Not opting for 44ad

i dont want to opt for 44ad .i declare profit more than 8% can i file normal return ..?? pls reply thanks in advance.
Replies (4)
Quick Summary
If you choose not to opt for Section 44AD, you can generally file a normal tax return, especially if your declared profits exceed the 8% threshold. However, be aware that opting out of 44AD means you may be restricted from using this presumptive taxation scheme for the next five years. This restriction typically applies if you've previously opted in and are now declaring income differently.

Yes, you can file normal return.
Yes you can but if you file normal return then for next 5 years you can't file return under section 44ad.
Hi Akshay

That is applicable only if the assessee has opted in the PY and subsequently declaring income other than 44AD, right? Please correct me if I am wrong!!
Correct

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