Section 44AD not cover to Profession

is commission income from insurance agency business or profession?

 commission income from insurance agency  will be treated as business income

THANKS FOR CLEARIFICATION 

very interesting and very brief

Ravindra Shanbhag

VARY NICE
THANX FOR SHARING

Very informative.. Thanks

Thanks! sir.

thanks Sir, I know but today my info. is confirmed

Thank you Sir, Please keep sharing with us.

best clarifications, examples of business  give some more

thank u sir

This is grt. Thank u sir.

Please can I have light on the speculation commodity business or FnO Shares business.

If my turnover in FnO shares or Speculation commodity is Rs. 800000 (i.e. profit+loss after Each buying & Selling)  and carrying a Loss of Rs. 400000. and my professional income is 4,50,000 for the Financial year 10-11.

So  should  I file return u/s 44AD for FnO shares to avoid tax audit.?

Please reply for both FnO Shares and Speculation commodity separately. URGENT

Sir ,

Car & Taxi Plying Business is applicable u/s 44AD

Please Peply me........

Thank you.