https://www.taxtmi.com/acts?id=51592 Profits of listed businesses carried on by specified non-resident assessees are to be computed on a prescribed presumptive basis using specified aggregates of receipts and fixed proportionate computation set out in the Table; the computed amount is deemed business income. No losses, allowances or deductions under the Act may be claimed against such computed income, though for particular entries an assessee may demonstrate lower actual profits by maintaining prescribed books and furnishing an audit report. Written down value is computed as if depreciation had been claimed and allowed. en-us Wed, 13 Aug 2025 18:58:47 +0530 Mon, 25 Aug 2025 15:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51592 Profits of listed businesses carried on by specified non-resident assessees are to be computed on a prescribed presumptive basis using specified aggregates of receipts and fixed proportionate computation set out in the Table; the computed amount is deemed business income. No losses, allowances or deductions under the Act may be claimed against such computed income, though for particular entries an assessee may demonstrate lower actual profits by maintaining prescribed books and furnishing an audit report. Written down value is computed as if depreciation had been claimed and allowed. Act-Rules Income Tax Wed, 13 Aug 2025 18:58:47 +0530 https://www.taxtmi.com/acts?id=51592