Maritime Reader

MARITIMEINTELLIGENCEDAILY11 MAY 2026 MONDAY
P&I / InsuranceSkuld·almost 11 years ago

India: Tax on freight

Skuld

The situation The Indian Income Tax Act 1961 in its section 172 deals with "Shipping business of non-residents". Section 172 of the Act applies "for the purpose of the levy and recovery of the tax in the case of any ship, belonging to or chartered by a non-resident, which carries passengers, livestock, mail or goods s