https://www.taxtmi.com/article/detailed?id=1730 A retrospective amendment excludes professionals, commission or brokerage income, and agency business from the presumptive taxation scheme; taxpayers who relied on presumptive treatment for agency or commission receipts should revise their prior-year returns and, where turnover or income exceed thresholds requiring regular books, file returns based on accounts and balance sheet rather than presumptive income. en-us Mon, 21 May 2012 14:41:11 +0530 Mon, 21 May 2012 14:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1730 A retrospective amendment excludes professionals, commission or brokerage income, and agency business from the presumptive taxation scheme; taxpayers who relied on presumptive treatment for agency or commission receipts should revise their prior-year returns and, where turnover or income exceed thresholds requiring regular books, file returns based on accounts and balance sheet rather than presumptive income. Articles Income Tax Mon, 21 May 2012 14:41:11 +0530 https://www.taxtmi.com/article/detailed?id=1730