# Presumptive Taxation for Professionals — Section 44ADA
Section 44ADA provides a presumptive scheme for small professionals carrying on a notified profession.
## Who is eligible?
Eligible assessee: Only a Resident — Individual or Partnership firm (but NOT an LLP) — engaged in a profession notified under Section 44AA(1) (e.g. legal, medical, engineering, accountancy, technical consultancy, interior decoration, etc.).
## Gross receipts limit
- Gross receipts must be ≤ ₹50 lakh.
- The limit is ₹75 lakh if cash receipts ≤ 5% of gross receipts.
## Presumptive income
- 50% of gross receipts, or a higher sum actually claimed by the assessee.
## Books and audit
- If income is declared on the presumptive (50%) basis, no books need be maintained and tax audit does not apply.
- However, if the assessee declares income lower than 50% AND total income exceeds the basic exemption limit, then maintaining books and getting a tax audit u/s 44AB becomes mandatory.
## Other key points
- No deduction for partner's interest/remuneration (same restriction as 44AD).
- All deductions u/s 30 to 38 deemed already allowed.
- Advance tax: Only one instalment of 100% by 15th March of the financial year.