https://www.taxtmi.com/acts?id=49512 An amendment permits an assessee to claim lower profits and gains than the presumptive amount if the assessee keeps and maintains books of account and other documents as required and obtains an audit report as required under the tax audit rules, thereby allowing computation of taxable income on actual results instead of the presumptive measure. en-us Sat, 22 Feb 2025 10:56:27 +0530 Sat, 22 Feb 2025 10:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49512 An amendment permits an assessee to claim lower profits and gains than the presumptive amount if the assessee keeps and maintains books of account and other documents as required and obtains an audit report as required under the tax audit rules, thereby allowing computation of taxable income on actual results instead of the presumptive measure. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:56:27 +0530 https://www.taxtmi.com/acts?id=49512