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In a move that will help accelerate foreign investments, a NITI Aayog paper on Friday suggested introducing an optional presumptive taxation regime with sector-specific benchmarks to reduce permanent establishment (PE) and profit attribution uncertainty on overseas investments in India. Besides the presumptive tax…
Webinar on 30th Aug 25 at 3 pm by Mr. Ganesamoorthi V on topic Presumptive taxation
Book title – 360 degree approach to presumptive taxation
As a measure to promote investment and employment, Finance (No. 2) Act, 2024 inter alia provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships. Further, exemption has been provided for any income of a foreign company from lease rentals of cruise ships, received from a related company which operates such ship or ships in India. Applicability of this presumptive taxation regime is subject to the conditions, as prescribed.
