Centre notifies new Income-Tax Rules for non-resident cruise ship operators

CBDT amends rules, introduces Presumptive Taxation for non-resident cruise ship operators

The Central Board of Direct Taxes (CBDT) has notified amendments in the Income-Tax Rules. These amendments prescribe conditions for the applicability of a presumptive taxation regime for non-resident cruise ship operators. This development, announced on January 22, 2025, is part of the government's broader strategy to promote investment and employment in the country. Jan 22, 2025