​ Can an insurance agent adopt the presumptive taxation scheme of section 44AD? - Tax India

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Tuesday, February 20, 2018

​ Can an insurance agent adopt the presumptive taxation scheme of section 44AD?

​ Can an insurance agent adopt the presumptive taxation scheme of section 44AD?

​​​A person who is earning income in the nature of commission or brokerage cannot adopt the presumptive taxation scheme of section 44AD​. Insurance agents earn income by way of commission and, hence, they cannot adopt the presumptive taxation scheme of section 44AD​.

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