Does the presumptive taxation scheme of Section 44AD apply to individuals practicing a profession?

​No, the presumptive taxation scheme of Section 44AD does not apply to individuals practicing a profession. Instead, professionals like doctors, lawyers, architects, etc., are covered under Section 44ADA, which offers a presumptive taxation scheme specifically tailored for professionals. Section 44ADA allows professionals to declare their income at a presumptive rate, typically set at 50% of their gross receipts.​