Can an insurance agent adopt the presumptive taxation scheme of section 44AD? https://www.taxtmi.com/manuals?id=4087 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. en-us Mon, 25 Dec 2023 10:40:00 +0530 Wed, 10 Jan 2024 15:26:00 +0530 TaxTMI RSS Generator Can an insurance agent adopt the presumptive taxation scheme of section 44AD? https://www.taxtmi.com/manuals?id=4087 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. Manuals Income Tax Mon, 25 Dec 2023 10:40:00 +0530 https://www.taxtmi.com/manuals?id=4087