If a person adopts the presumptive taxation scheme of section 44AD, then is he required to maintain books of account as per section 44AA?

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..... equently Asked Questions (FAQs) - Income Tax - Manuals - Ans. Section 44AA deals with provisions relating to maintenance of books of account by a person engaged in business/profession. Thus, a pe .....

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..... section 44AD and declares income @ 8%/6% of the turnover, then he is not required to maintain the books of account as provided under section 44AA in respect of business covered under the presumptive .....

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