https://www.taxtmi.com/acts?id=3593 Special provision prescribes that, for a non-resident engaged in operation of ships (other than cruise ships), a sum equal to seven and a half per cent of the aggregate of specified receipts shall be deemed to be the profits and gains of such business chargeable to tax; the specified receipts include amounts paid or payable for carriage shipped at any port in India and amounts received or deemed received in India for carriage shipped at any port outside India, and include demurrage, handling charges or similar amounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 17:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3593 Special provision prescribes that, for a non-resident engaged in operation of ships (other than cruise ships), a sum equal to seven and a half per cent of the aggregate of specified receipts shall be deemed to be the profits and gains of such business chargeable to tax; the specified receipts include amounts paid or payable for carriage shipped at any port in India and amounts received or deemed received in India for carriage shipped at any port outside India, and include demurrage, handling charges or similar amounts. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3593