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Profession or business?

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2011 is insurance agency a profession or business?

if it is a business, can i file my return of income u/s 44AD?

kindly clarify with support of case law / provisions of IT Act.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
25 November 2011 It is Business, yes you have to file return u/s 44AD
OM SAI SRI SAI JAI JAI SAI
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2011 thank you D.THIRUMALA

Have taken support of case law or provisions of IT ACT.

CLARIFY.
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