Non-resident shipping concerns paying tax u/s 172,IT act 1961 required not to pay advance tax u/s 210 of Income Tax Act, 1961 in respect of their income from shipping business.

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..... nted to the Board that non-resident shipping concerns paying tax u/s 172 of the Income-tax Act, 1961 should not be required to pay advance tax u/s 210 of the Income-tax Act, 1961 in respect of their income from shipping business. 2. Section 172 of the Income-tax Act, 1961 provides a special mode of levy and recovery of tax before any ship which carries passengers, livestock, mail or goods, belon .....

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