https://www.taxtmi.com/acts?id=48691 The amendment adds a clause extending recordkeeping and registration obligations to cases where profits and gains are deemed to be the assessee's business income under presumptive taxation regimes and the assessee has declared income lower than those deemed profits during the previous year, thereby explicitly linking the provision to instances arising from presumptive provisions. en-us Thu, 13 Feb 2025 17:37:20 +0530 Thu, 13 Feb 2025 17:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48691 The amendment adds a clause extending recordkeeping and registration obligations to cases where profits and gains are deemed to be the assessee's business income under presumptive taxation regimes and the assessee has declared income lower than those deemed profits during the previous year, thereby explicitly linking the provision to instances arising from presumptive provisions. Act-Rules F. Acts / Amendment Acts Thu, 13 Feb 2025 17:37:20 +0530 https://www.taxtmi.com/acts?id=48691