Earlier professionals were kept out of presumptive taxation scheme, but in budget 2016 the government has extended the presumptive taxation scheme to the professionals as well. This benefit is available from FY 2016-17 onwards.
To avail of this scheme, 50% of the professional receipts have to be shown as income. No further expenses will be allowed to be claimed from such income. However, an assessee can claim individual deductions under section 80.
To avail presumptive scheme u/s 44ADA, gross receipt from profession should not exceed Rs. 50 Lakhs