No....section 44AD applies to construction Business..there is no question of profession being covered under it....

Regards,

Swapnil Jain

44ad has been edited from current PY and it covers any business subject to certain conditions.

Originally posted by : goutam
	44ad has been edited from current PY and it covers any business subject to certain conditions.

if it is so...i am sorry to share outdated information.... plz could you provide me the conditions?

Dear Anantha & Swapnil,

From Assessment year 2011-12, a new section 44Ad has been inserted inthe Income-tax Act to replaceexisting sec.44AD .
The new Section will be aplicable to any business ( whether it is Retail trade,or Civil construction or any other business).
The provisions of the new Section will be applicable if the following conditions are satisfied:
1.Assessee eligible for the purpose of this Section has to be an Individual/a HUF/a Partnership Firm( not being a LLP);
2.The assessee has not claimed any deduction u/s.10A,10AA,10B,10BA,80HHto 80RRB in the relevant Assessment Year;
3.he is not engaged in the business of plying,hiring,or leasing goods carriages referred to u/s. 44AE; and
4. Total Turnover/ Gross Receipt of the Assessee in the previous year should not exceed Rs. 60.00 lakhs.

presumtive ncome is not applicable in profession

Originally posted by : Jayesh
	Dear Anantha & Swapnil, From Assessment year 2011-12, a new section 44Ad has been inserted inthe Income-tax Act to replaceexisting sec.44AD . The new Section will be aplicable to any business ( whether it is Retail trade,or Civil construction or any other business). The provisions of the new Section will be applicable if the following conditions are satisfied: 1.Assessee eligible for the purpose of this Section has to be an Individual/a HUF/a Partnership Firm( not being a LLP); 2.The assessee has not claimed any deduction u/s.10A,10AA,10B,10BA,80HHto 80RRB in the relevant Assessment Year; 3.he is not engaged in the business of plying,hiring,or leasing goods carriages referred to u/s. 44AE; and 4. Total Turnover/ Gross Receipt of the Assessee in the previous year should not exceed60.00 lakhs.

Good job Jayesh. Really, a nice reply. 

Section 44AD not covered Profession

Dear Anantha,

                Section 44AD is all about presumptive income on Business. The definition of "Business" as per I.T. Act does not cover "Profession". So, section 44AD is not applicable to persons involved in profession..