https://www.taxtmi.com/manuals?id=4701 Presumptive taxation applies to non-resident cruise ship operators meeting specified vessel, voyage and use criteria; a fixed percentage of aggregate passenger receipts is treated as deemed profit chargeable under Profits and Gains of Business or Profession without allowance for ordinary business deductions. A limited exemption excludes certain lease rental income of foreign lessors from total income where the lessor and the operator are subsidiaries of the same holding company, subject to the prescribed subsidiary-holding relationship. en-us Sat, 31 Aug 2024 10:31:00 +0530 Mon, 10 Feb 2025 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4701 Presumptive taxation applies to non-resident cruise ship operators meeting specified vessel, voyage and use criteria; a fixed percentage of aggregate passenger receipts is treated as deemed profit chargeable under Profits and Gains of Business or Profession without allowance for ordinary business deductions. A limited exemption excludes certain lease rental income of foreign lessors from total income where the lessor and the operator are subsidiaries of the same holding company, subject to the prescribed subsidiary-holding relationship. Manuals Income Tax Sat, 31 Aug 2024 10:31:00 +0530 https://www.taxtmi.com/manuals?id=4701