Presumptive taxation eligibility expanded: receipts via prescribed electronic modes qualify for the lower deemed profit rate. Amendment expands the presumptive taxation concession by replacing 'bank account' with 'bank account or through such other electronic mode as may be prescribed', permitting receipts through prescribed electronic modes to qualify for the lower deemed profit calculation and empowering the Board to prescribe those modes; effective from 1 April 2020 for subsequent assessment years.