https://www.taxtmi.com/manuals?id=7934 Special presumptive taxation applies to a non-resident engaged in the business of operation of cruise ships, with profits and gains chargeable under the head "Profits and gains of business or profession" computed at 20% of the aggregate of amounts paid or payable and received or deemed received on account of carriage of passengers. The regime is subject to prescribed operational conditions, disallows deductions, and deems depreciation for written down value computation. It also refers to a lease rentals exemption for foreign companies leasing cruise ships to specified companies within the stated group relationship and period. en-us Fri, 18 Apr 2025 18:30:00 +0530 Wed, 27 May 2026 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7934 Special presumptive taxation applies to a non-resident engaged in the business of operation of cruise ships, with profits and gains chargeable under the head "Profits and gains of business or profession" computed at 20% of the aggregate of amounts paid or payable and received or deemed received on account of carriage of passengers. The regime is subject to prescribed operational conditions, disallows deductions, and deems depreciation for written down value computation. It also refers to a lease rentals exemption for foreign companies leasing cruise ships to specified companies within the stated group relationship and period. Manuals Income Tax Fri, 18 Apr 2025 18:30:00 +0530 https://www.taxtmi.com/manuals?id=7934