Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents.

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....able during a tax year, shall be computed in the manner specified in column D thereof, and shall be deemed to be the profits and gains of such business of such assessee chargeable to tax for the said tax year under the head "Profits and gains of business or profession". Table Sl.No. Specified business Specified assessee Profits and gains of business or profession A B C D 1. Business of operation of ships, other than cruise ships referred to in Serial number 2. Non-resident. 7.5% of (A+B), where,-- A = sum on account of carriage of passengers, livestock, mail or goods shipped at any port in India, whether paid or payable, in or outside India, to the assessee or any other person on his behalf (including demurrage, handling or ....

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....r in or outside India. 5. Business of providing services or facilities (including supply of plant and machinery on hire) for prospecting, extraction or production of mineral oils. Non-resident. 10% of (A+B), where,-- A = sum on account of business of providing services and facilities in connection with, or supply of plant and machinery on hire used, or to be used, in the prospecting for, or extraction or production of mineral oils in India, paid or payable (in or outside India), to the assessee or any other person on his behalf; B = sum on account of business of providing services and facilities in connection with, or supply of plant and machinery on hire used, or to be used, in the prospecting for, or extraction or production of m....