https://www.taxtmi.com/acts?id=51861 Profits of non-resident ships from carriage at Indian ports are taxed by deeming a specified portion of amounts paid for carriage, including demurrage and handling, to be income accruing in India. The ship's master must file a return of such amounts before departure or within a short authorised period where filing before departure is impracticable; the Assessing Officer assesses the deemed income, may require documents, and the master is liable for payment. Port clearance is withheld until tax is paid or satisfactory arrangements made. Payments under this regime are creditable as advance tax if the owner elects a full assessment of total income for the tax year. en-us Thu, 14 Aug 2025 17:44:06 +0530 Wed, 20 Aug 2025 15:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51861 Profits of non-resident ships from carriage at Indian ports are taxed by deeming a specified portion of amounts paid for carriage, including demurrage and handling, to be income accruing in India. The ship's master must file a return of such amounts before departure or within a short authorised period where filing before departure is impracticable; the Assessing Officer assesses the deemed income, may require documents, and the master is liable for payment. Port clearance is withheld until tax is paid or satisfactory arrangements made. Payments under this regime are creditable as advance tax if the owner elects a full assessment of total income for the tax year. Act-Rules Income Tax Thu, 14 Aug 2025 17:44:06 +0530 https://www.taxtmi.com/acts?id=51861