Presumptive taxation exclusion: commission income of insurance agents disqualifies them from opting into the presumptive scheme. Insurance agents' earnings characterized as commission or brokerage are not eligible for the presumptive taxation regime under section 44AD because the scheme applies to eligible business income and expressly excludes income constituted as commission or brokerage.
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Provisions expressly mentioned in the judgment/order text.
Presumptive taxation exclusion: commission income of insurance agents disqualifies them from opting into the presumptive scheme.
Insurance agents' earnings characterized as commission or brokerage are not eligible for the presumptive taxation regime under section 44AD because the scheme applies to eligible business income and expressly excludes income constituted as commission or brokerage.
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