Opting for 44ad this year

This discussion explores the possibility of filing a tax return under Section 44AD this year, even if it wasn't chosen previously. It clarifies that if this is your first time opting for 44AD, you generally can, and you can declare profits above the presumptive rates. However, be aware that once you opt for 44AD, you may need to continue using it for the next five years, or have your accounts audited. It's also advised that if your turnover and profits are within limits and your books are well-maintained, it might be preferable not to opt for 44AD.