https://www.taxtmi.com/acts?id=43560 A special deemed-profit computation applies to non-resident cruise-ship operators: a fixed portion of aggregate passenger-related receipts-amounts paid or payable and amounts received or deemed received for carriage of passengers-is to be treated as profits chargeable under "Profits and gains of business or profession", subject to prescribed conditions. The provision overrides general business-income provisions and takes effect from 1 April 2025 for the subsequent assessment year. en-us Tue, 23 Jul 2024 15:31:52 +0530 Fri, 26 Jul 2024 18:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43560 A special deemed-profit computation applies to non-resident cruise-ship operators: a fixed portion of aggregate passenger-related receipts-amounts paid or payable and amounts received or deemed received for carriage of passengers-is to be treated as profits chargeable under "Profits and gains of business or profession", subject to prescribed conditions. The provision overrides general business-income provisions and takes effect from 1 April 2025 for the subsequent assessment year. Act-Rules Bills Tue, 23 Jul 2024 15:31:52 +0530 https://www.taxtmi.com/acts?id=43560