Applicability of provisions of Section 44B

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Applicability of provisions of Section 44B
Query (Issue) Started By: - HARSHA JOSHI Dated:- 21-5-2009 Last Reply Date:- 22-5-2009 Income Tax
Got 1 Reply
Income Tax
for delivering material .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s from mudra port to vizag port (i.e. within India ), we quite often use ships owned by a non-resident company based in U.A.E.My question is whether provisions of S.44B is applicable? I think,S.172 is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... not applicable to this case. though the quantum of TDS remains the same.the word regularity of business U/S S.44B is not specified. kindly advise. Reply By Ravi Chopra: The Reply: Since the ship is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... being owned by a non resident company based in U.A.E, either of the sections i.e. 44B and 172 are applicable depend on the nature of business - a regular business or occasional business. When you ofte .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n use the services of a ship, it gives an impression that the ship is engaged in regular business.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X