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of <h1>Presumptive Taxation for Non-Resident Aircraft Operators: Section 44BBA Details Income and Deductions Rules</h1> Section 44BBA outlines the presumptive taxation method for non-residents involved in the aircraft operations business. It applies to income taxable under the head of profits and gains of business or profession (PGBP), with 5% of freight received or deemed received in India or outside India being taxable. Taxpayers cannot declare income lower than this presumptive rate. Sections 28 to 43A do not apply, and depreciation from other businesses cannot be set off against this income, though current and carried forward losses can be. Deductions under Chapter VI-A are available. The provision applies equally to corporate and non-corporate non-resident taxpayers.
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