Presumtive tax u/s 44AD

This discussion explores the applicability of presumptive taxation under Section 44AD. It addresses whether an individual who declared income at 8% under 44AD in one year, but then opted for the regular scheme declaring more than 8% in the subsequent year, can revert to 44AD. The consensus suggests that while opting for the regular scheme might restrict future 44AD use for five years, declaring a higher profit percentage under the presumptive scheme itself is permissible.