https://www.taxtmi.com/acts?id=49514 The amendment allows an assessee under the presumptive profits regime to claim lower profits and gains than the prescribed rates if the assessee keeps and maintains books of account and other required documents and gets the accounts audited and furnishes the audit report, thereby enabling computation of taxable income on actual audited books notwithstanding the presumptive computation. en-us Sat, 22 Feb 2025 10:56:53 +0530 Sat, 22 Feb 2025 10:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49514 The amendment allows an assessee under the presumptive profits regime to claim lower profits and gains than the prescribed rates if the assessee keeps and maintains books of account and other required documents and gets the accounts audited and furnishes the audit report, thereby enabling computation of taxable income on actual audited books notwithstanding the presumptive computation. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:56:53 +0530 https://www.taxtmi.com/acts?id=49514