Section 44B & 172 - Special provision for computing profits and gains of shipping business in case of non-residents

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..... PGBP 7.5% of: i. Freight received in India or outside India for carriage of goods etc. shipped at port in India. ii. Freight received or deemed to be received in India for carriage of goods etc. shipped at port outside India. Income lower than presumptive rate Assessee cannot show. Recovery Mechanism Recovery mechanism in Section 172 for amount received in India or outside India for carria .....

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..... MURRAGE OR HANDLING CHARGES OR ANY OTHER AMOUNT OF SIMILAR NATURE. Before departure from any port in India of any such ship, the MASTER of the ship shall prepare and furnish to the Assessing Officer a return of full amount paid/ payable to the owner/ charterer or any person on his behalf. On receipt of a return, the Assessing Officer shall assess the income and determine the sum payable as ta .....

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..... clubindia.com/forum/section-44b-172-a-comparison-200837.asp Comparison of 44B & 172 Read more at: https://www.caclubindia.com/forum/section-44b-172-a-comparison-200837.asp Comparison of 44B & 172 Read more at: https://www.caclubindia.com/forum/section-44b-172-a-comparison-200837.asp COMPARISON OF SECTION 44B AND SECTION 172 * U/s 44B, assessee is under control of Indian Government (i.e., ta .....

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