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of <h1>Non-resident shipping businesses face 7.5% deemed income tax on carriage from Indian ports under Section 172</h1> Section 172 of the Income Tax Act, 1961 governs taxation of non-resident shipping businesses operating in India. When non-resident owned or chartered ships carry passengers, livestock, mail, or goods from Indian ports, 7.5% of amounts paid for such carriage is deemed income accruing in India. Ship masters must file returns before departure detailing all amounts paid since last arrival. The Assessing Officer assesses this income and determines tax at company rates. Port clearance requires tax payment or satisfactory payment arrangements. The provision includes demurrage and handling charges, with assessment orders required within nine months of return filing.
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