The Central Board of Direct Taxes and Customs (CBDT) has notified the Special provisions for computing profits and gains of business of operation of cruise ships in case of non-residents.
The Board has amended the Income-tax Rules, 1962 by notifying Income-tax (First Amendment) Rules, 2025.
As per the amendment Rule 6GB was added laying down the conditions for non-resident, engaged in the business of operation of cruise ships for section 44BBC.
For the purposes of section 44BBC, an assessee, being a non-resident, engaged in the business of operation of cruise ships shall, operate a passenger ship having a carrying capacity of more than two hundred passengers or length of seventy-five meters or more, for leisure and recreational purposes and having appropriate dining and cabin facilities for passengers.
The assessee shall operate such ship on scheduled voyage or shore excursion touching at least two sea ports of India or same sea ports of India twice.
The assessee shall operate such ship primarily for carrying passengers and not for carrying cargo; and operate such ship as per the procedure and guidelines if any, issued by the Ministry of Tourism or Ministry of Shipping.
Notification Details
Notification No. 9 /2025
Date: 21/01/2025
