https://www.taxtmi.com/forum/issue?id=2942 Presumptive taxation treatment shifted from the earlier regime to the consolidated presumptive provision: in the earlier year the rules applied only to civil construction businesses and supply of labour for civil construction under the then-operative provision, while in the later year the inoperative provision's content was subsumed into the broader presumptive regime covering any business, including supply of labour and sale of goods, requiring reporting of income based on the prescribed minimum deemed profit. The advisory noted a separate query on claiming an income tax deduction under 80C. en-us Tue, 05 Apr 2011 16:35:50 +0530 Thu, 23 Jan 2025 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2942 Presumptive taxation treatment shifted from the earlier regime to the consolidated presumptive provision: in the earlier year the rules applied only to civil construction businesses and supply of labour for civil construction under the then-operative provision, while in the later year the inoperative provision's content was subsumed into the broader presumptive regime covering any business, including supply of labour and sale of goods, requiring reporting of income based on the prescribed minimum deemed profit. The advisory noted a separate query on claiming an income tax deduction under 80C. Discussion-Forum Income Tax Tue, 05 Apr 2011 16:35:50 +0530 https://www.taxtmi.com/forum/issue?id=2942