Cruise Ship Tax Rule Imposes 20% Levy on Passenger Revenues for Non-Resident Operators with Five-Year Foreign Leasing Exemption

This section introduces a special tax provision for non-resident cruise ship operators in India. Applicable to ships with over 200 passengers or 75 meters long, operating scheduled voyages touching at least two Indian sea ports, the regime taxes 20% of passenger carriage amounts without deducting expenses. A five-year exemption exists for foreign companies leasing cruise ships to specified Indian operators under common holding company structures, applicable for assessment years up to April 1, 2030.

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