TMI BlogSpecial provision for computing profits and gains of shipping business in the case of non-residentsX X X X Extracts X X X X X X X X Extracts X X X X ..... 43A, in the case of an assessee, being a non-resident, engaged in the business of operation of ships, a sum equal to seven and a half per cent of the aggregate of the amounts specified in sub-section (2) shall be deemed to be the profits and gains of such business chargeable to tax under the head Profits and gains of business or profession . (2) The amounts referred to in sub-section (1) shal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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