https://www.taxtmi.com/acts?id=41389 Where an assessee declares profits and gains of business in accordance with the presumptive taxation provision, no set off of unabsorbed depreciation and brought forward loss shall be allowed to the assessee for such previous year, notwithstanding other provisions permitting depreciation and carry-forward set off. en-us Thu, 30 Mar 2023 14:58:24 +0530 Sat, 01 Apr 2023 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41389 Where an assessee declares profits and gains of business in accordance with the presumptive taxation provision, no set off of unabsorbed depreciation and brought forward loss shall be allowed to the assessee for such previous year, notwithstanding other provisions permitting depreciation and carry-forward set off. Act-Rules F. Acts / Amendment Acts Thu, 30 Mar 2023 14:58:24 +0530 https://www.taxtmi.com/acts?id=41389