Section 44BBC - Special provision for computing profits and gains of business of operation of cruise ships in case of non-residents

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....bsp;Finance (No. 2) Act, 2024 read with Rule 6GB inserted vide Notification no. 09/2025 dated 21.01.2025 ] Applicability Applicability of this presumptive taxation regime is subject to the conditions, as prescribed. The conditions which have been prescribed for non-resident, engaged in the business of operation of cruise ships provide that such non-resident shall:- * I....

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....iness chargeable to tax under the head "Profits and gains of business or profession." Deemed Profit Taxable  * A sum equal to 20% of the aggregate of the amounts of * (a) the amount paid or payable to the assessee or to any person on his behalf on account of the carriage of passengers; and * (b) the amount received or deemed to be received by or on behalf of the assessee on account of ....