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of <h1>Section 61 fixes presumed profit rates for six cross-border activities, narrows audit relief and limits deductions</h1> Section 61 establishes presumptive computation for six specified cross-border activities, fixing taxable profits as specified percentages of defined receipts and disallowing deductions or losses against such income. The enacted Act narrows the audit-based relief for claiming lower actual profits to only two entries (turnkey power and mineral-oil services), tightens the scope of the 'plant' definition to Sl. No.5, clarifies that existing sections are displaced only as to manner of computation, and adds an express non-application of sections 59 and 207 to the electronics-manufacturing entry; other wording changes are largely drafting clarifications.
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