https://www.taxtmi.com/manuals?id=1160 A special presumptive regime applies to foreign companies undertaking civil construction, erection, testing or commissioning work for approved turnkey power projects. Profits are deemed at 10% of the relevant amounts paid or payable, subject to a lower-income claim only where prescribed books are maintained and audit requirements are met. The regime overrides contrary computation provisions, disallows other deductions against the computed income, and treats assets as if depreciation had been claimed and allowed. en-us Tue, 15 Sep 2015 11:47:00 +0530 Wed, 27 May 2026 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1160 A special presumptive regime applies to foreign companies undertaking civil construction, erection, testing or commissioning work for approved turnkey power projects. Profits are deemed at 10% of the relevant amounts paid or payable, subject to a lower-income claim only where prescribed books are maintained and audit requirements are met. The regime overrides contrary computation provisions, disallows other deductions against the computed income, and treats assets as if depreciation had been claimed and allowed. Manuals Income Tax Tue, 15 Sep 2015 11:47:00 +0530 https://www.taxtmi.com/manuals?id=1160