https://www.taxtmi.com/circulars?id=8946 Non resident shipping companies covered by certain Double Taxation Agreements are entitled to a reciprocity reduction of Indian tax on profits from international shipping. Some DTAs preserve domestic ad hoc assessment rules for occasional shipping or tramp steamers, postponing the reduction until adjustment under the statutory final assessment mechanism; in DTAs without that restriction the specified reduction applies even at the ad hoc assessment stage prior to ship departure. en-us Fri, 30 Jan 1976 00:00:00 +0530 Wed, 01 Jun 2011 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8946 Non resident shipping companies covered by certain Double Taxation Agreements are entitled to a reciprocity reduction of Indian tax on profits from international shipping. Some DTAs preserve domestic ad hoc assessment rules for occasional shipping or tramp steamers, postponing the reduction until adjustment under the statutory final assessment mechanism; in DTAs without that restriction the specified reduction applies even at the ad hoc assessment stage prior to ship departure. Circulars Income Tax Fri, 30 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8946