https://www.taxtmi.com/acts?id=3695 Determination of income accruing or arising to a non-resident may be made on an estimated basis where the actual amount cannot be definitely ascertained from a business connection, property, asset, source of income, or money lent at interest and brought into India. The Assessing Officer may calculate such income by applying a reasonable percentage to turnover, by proportionately allocating total profits and gains according to receipts attributable to the business, or by any other suitable method. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 16:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3695 Determination of income accruing or arising to a non-resident may be made on an estimated basis where the actual amount cannot be definitely ascertained from a business connection, property, asset, source of income, or money lent at interest and brought into India. The Assessing Officer may calculate such income by applying a reasonable percentage to turnover, by proportionately allocating total profits and gains according to receipts attributable to the business, or by any other suitable method. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3695