Tax Audit Proprietary

If an assessee has opted or presumptive taxation under section 44AD, then he/she is required to opt for the same scheme for a continous period of 5 years. If, in any case, he/she failed to do so,then he/she will not eligible to opt for the scheme for the next 5 years.

Option for opt out is always available but once opt out than assessee is not eligible to opt in for the next 5 years.

if all transactions are through digital mode, then no audit is required in this case. You just need to file the tax return as per the books of accounts.