Presumptive Taxation Scheme of Section 44ADA

1.	For whom the presumptive taxation scheme of section 44ADA is designed?
2.	Eligible persons who can take advantage of the presumptive taxation scheme of section 44ADA
3.	Manner of computation of taxable income in case of a person adopting the presumptive taxation scheme of section 44ADA
4.	The presumptive income computed @ 50% is the final income and no further expenses will be allowed
5.	Payment of advance tax in respect of income from professions covered under section 44ADA
6.	Maintenance of books of account if a person opts for presumptive taxation scheme of section 44ADA
7.	Provisions to be applied if a person does not opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)