Presumptive profit from profession of Lic amd MF agent

This discussion explores whether an LIC and MF agent, also employed in a PSU, can opt for presumptive taxation under Section 44AD for their commission income. The consensus is that Section 44AD is generally not applicable to income earned from commission or brokerage. Therefore, commission earnings should be treated as business income under the PGBP head, separate from salary income, and attention should be paid to TDS on commission.