https://www.taxtmi.com/acts?id=48692 The amendment makes persons whose profits are treated as deemed business income under presumptive taxation provisions subject to the audit requirement if they claim income lower than the deemed profits in any previous year, thereby expanding the class of persons liable to audit to include those reporting income below presumptive/deemed amounts. en-us Thu, 13 Feb 2025 17:47:51 +0530 Thu, 13 Feb 2025 17:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48692 The amendment makes persons whose profits are treated as deemed business income under presumptive taxation provisions subject to the audit requirement if they claim income lower than the deemed profits in any previous year, thereby expanding the class of persons liable to audit to include those reporting income below presumptive/deemed amounts. Act-Rules F. Acts / Amendment Acts Thu, 13 Feb 2025 17:47:51 +0530 https://www.taxtmi.com/acts?id=48692