<s>[INST] Who is eligible to take advantage of the presumptive taxation scheme of section 44ADA? [/INST] The presumptive taxation scheme of sections 44ADA​ can be adopted by a resident assessee being individual or HUF, carrying on specified profession whose gross receipts do not exceed fifty lakh rupees in a financial year. Following professions are specified profession:

1) Legal​
2) Medical
3) Engineering or architectural
4) Accountancy
5) Technical consultancy
6) Interior decoration
7) Any other profession as notified by CBDT </s>