Telecom Regulatory Authority of India Act : Amendment of section 44AB. Indian Bare Acts :

Telecom Regulatory Authority of India Act,1997

Act No : 24

Section : Amendment of section 44AB.

11. Amendment of section 44AB. In section 44AB of the Income-tax Act, in clause (b), for the words "previous year", the following shall be substituted with effect from the 1st day of April, 1998, namely:- "previous year or (c) carrying on the business shall, if the profits and gains from the business are deemed to be the profits and gains of such person under section 44AD or section 44AE of section 44AF, as the case may be, and he has claimed his income to be lower than the profits or gains so deemed to be the profits and gains of his business, as the case may be, in any previous year",