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of <h1>Clause 61 of Income Tax Bill 2025: Simplified Taxation for Non-Residents in Shipping, Construction, and Oil Services</h1> Clause 61 of the Income Tax Bill, 2025, introduces a presumptive taxation scheme for non-residents engaged in specific business activities in India, such as the operation of ships, cruise ships, aircraft, civil construction related to turnkey power projects, and services related to mineral oil extraction. This clause aims to simplify tax compliance by setting predetermined income rates for these activities, thereby reducing administrative burdens and encouraging foreign investment. Non-residents can declare lower profits if they maintain detailed accounts and undergo audits. The clause restricts deductions against presumptive income, ensuring straightforward tax calculations.
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