applicability of section 44 AD on Insurance agent

/articles/critical-analysis-of-section-44ad-9048.asp

Commission is Professional income of assessee and catagorized in PGBP, but unfortunately 44AD doex not cover "income from professions"

44AD covers any business except transport business .Eventually section does not include any presumptive basis for any Profession.

:)

SEC. 44AD is applicable on insurance agents whose activities has been declared as business by the ICAI...u can check the same on Page 27 of the Guidance Note "Tax Audit under Section 44AB
of the Income-tax Act, 1961" issued by ICAI....i am giving a link of the same here..please check point 4.4(iv) on page 27 ..

https://220.227.161.86/21025guide_44AB_dtc.pdf

Regards...