Can Insurance Agent or Chartered Accountant take benefit of Section 44AD?

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Can Insurance Agent or Chartered Accountant take benefit of Section 44AD? The title of this blog post could easily be “How to differentiate between business and profession?”. However, a different title is applied  to suit Mr Anoop Bhatia , a reader of this blog who asks  “Sec 44AD has been substituted w.e.f A.Y. 2011-12 to...

 
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.