44ad not opting

This discussion explores whether a business owner with a turnover under ₹2 crore can choose not to opt for Section 44AD of the Income Tax Act. The user wants to file a normal business return and declare a profit higher than the presumptive 8%, primarily because some banks are hesitant to accept returns filed under 44AD. The advice suggests that if they haven't opted out previously, they can likely continue with 44AD and declare a higher profit, or even opt out to file a regular business return.