Treatment of tax paid under section 172(3) by non-resident engaged in shipping business - Clarification Regarding.

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....pping business of non-residents. The scheme of section 172 is that every time a ship belonging to or chartered by a non-resident makes a voyage from a port in India, carrying passengers, live-stock, mail or goods, shipped at the airport, 7 1/2 per cent, of the amount paid or payable on account of the carriage of the passengers etc. is taken as the income and tax levied on such income at the rate a....

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.... owner or charterer would be treated as a payment in advance of the tax leviable for that assessment year before determining the amount of tax finally due. It may be noted that under section 172(7), the choice is entirely that of the non-resident taxpayer to be assessed under the other provisions of the Act. 4. The payment made under section 172(4) by a non-resident ship owner is a payment of ta....