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of <h1>New Tax Rules for Non-Resident Cruise Operators: Section 44BBC Introduces 20% Tax from April 2025</h1> Section 44BBC, effective from April 1, 2025, introduces presumptive taxation for non-residents operating cruise ships in India. This applies to non-residents running passenger ships with over 200 capacity or 75 meters in length, used for leisure, touching at least two Indian ports, and primarily carrying passengers. Income from such operations is taxed under 'Profits and gains of business or profession' at 20% of the amounts related to passenger carriage, without deductions. Exemptions apply for five years to foreign companies receiving lease income from cruise ships operated by specified subsidiaries in India, under the same holding company.
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