Audit compliance rules updated to extend and streamline presumptive tax section references in income tax law framework. The amendment expands clause (c) to add references to section 44BB and section 44BBB alongside section 44AF, and substitutes the first proviso's existing ... Summary
Audit compliance rules updated to extend and streamline presumptive tax section references in income tax law framework.
The amendment expands clause (c) to add references to section 44BB and section 44BBB alongside section 44AF, and substitutes the first proviso's existing list with a single reference to section 44BBA, thereby altering which presumptive-tax provisions are included and which are excepted under the audit-reporting provision.
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