https://www.taxtmi.com/acts?id=11990 Income from listed businesses is fixed on a presumptive basis by prescribed sums or percentages subject to eligibility conditions; actual income exceeding the prescribed amount is added. The presumptive computation is deemed to include all losses, deductions and allowances; written down value of assets is computed as if depreciation provisions were claimed and allowed. Common costs attributable to the businesses are to be allocated as prescribed, and the Schedule allows an assessee to opt out by maintaining audited books and producing them to the Assessing Officer. en-us Fri, 17 Sep 2010 12:43:15 +0530 Fri, 17 Sep 2010 14:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11990 Income from listed businesses is fixed on a presumptive basis by prescribed sums or percentages subject to eligibility conditions; actual income exceeding the prescribed amount is added. The presumptive computation is deemed to include all losses, deductions and allowances; written down value of assets is computed as if depreciation provisions were claimed and allowed. Common costs attributable to the businesses are to be allocated as prescribed, and the Schedule allows an assessee to opt out by maintaining audited books and producing them to the Assessing Officer. Act-Rules Bills Fri, 17 Sep 2010 12:43:15 +0530 https://www.taxtmi.com/acts?id=11990