Section 44BBA - Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents

Non-resident aircraft operators taxed at 5% deemed business profits on specified receipts from carriage to or from India

For a non-resident engaged in aircraft operations, taxable business profits are deemed to be five percent of specified receipts, regardless of other provisions on computing business income. The specified receipts comprise: (a) amounts paid or payable, whether inside or outside India, to the assessee or on their behalf for carriage of passengers, livestock, mail or goods from any place in India; and (b) amounts received or deemed received in India by or on behalf of the assessee for carriage from any place outside India.