Who is eligible:
any person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board.
1. Total annual gross receipts do not exceed fifty lakh rupees
2. He offers minimum 50% of the gross receipt as his taxable income from his profession
3. No further deduction will be allowable under the provisions of sections 30 to 38.