What is Section 44ADA Scheme for professionals

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Section 44ADA Scheme for Professionals If Turnover of Profession upto 50 Lacs No Need to do Accounting or Audit Direct 50% of Gross Receipts is Profit (Cash+Bank) Example Turnover 400000 Profit 50% 200000 Tax 0 (No need to Maintain Books or Accounting) Can Person Show More than 50%? Yes Person can show More than 50% also Suppose he shows 80% Cash Sales 400000 Profit 320000 Tax 8500 Rebate 8500 Can person show Less than 50% No, this Scheme is not applicable For this Proper Accounting and Audit is Required