ITR U/S 44AD

1. Trading in equity will not be considered as a profession it will be considered as a business for the purpose of sec 44AB and T.O limit for a tax audit is Rs. 1 crore. 
2. Insurance commission will be considered as professional income and T.O limit for a tax audit is Rs. 50 Lakhs. 
3. Considering both the above cases tax audit is not required to be carried out u/s 44AB. 
Please correct me if the above solution has an alternative view.