Do I need to maintain books of account in accordance with Section 44AA if I opt for the presumptive taxation scheme under Section 44AD?

No, if you opt for the presumptive taxation scheme under Section 44AD of the Income Tax Act, you are not required to maintain books of account as per Section 44AA.

Section 44AA mandates the maintenance of books of account for certain taxpayers, including professionals and businesses whose turnover or gross receipts exceed the specified limits.

However, taxpayers opting for the presumptive taxation scheme under Section 44AD are relieved from the requirement of maintaining detailed books of account. Instead, they are required to declare their income at a prescribed rate (usually a certain percentage of turnover or gross receipts) and pay taxes accordingly, without the need for extensive record-keeping.