https://www.taxtmi.com/manuals?id=3218 Maintenance of books of account is required where a presumptive taxpayer discontinues the scheme after having opted it in any of the preceding five years and, for persons under the presumptive provisions 44AE, 44BB and 44BBB, where the taxpayer claims actual profits lower than the deemed profits computed under those provisions. The obligation thus arises both on opting out after recent use and on asserting profits below statutory deemed levels. en-us Wed, 29 Nov 2023 17:27:00 +0530 Wed, 29 Nov 2023 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3218 Maintenance of books of account is required where a presumptive taxpayer discontinues the scheme after having opted it in any of the preceding five years and, for persons under the presumptive provisions 44AE, 44BB and 44BBB, where the taxpayer claims actual profits lower than the deemed profits computed under those provisions. The obligation thus arises both on opting out after recent use and on asserting profits below statutory deemed levels. Manuals Income Tax Wed, 29 Nov 2023 17:27:00 +0530 https://www.taxtmi.com/manuals?id=3218