Tax audit requirement expanded where business profits are deemed under presumptive taxation but taxpayer declares lower income.

Amendment expands the tax audit requirement by inserting a clause to capture persons whose business profits are deemed under the presumptive taxation scheme and who claim income lower than those deemed profits, making them subject to audit if their total income exceeds the maximum non-taxable amount; the amendment also narrows existing cross-references to other presumptive provisions by substitution.

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