Ginger Shippers is owned by a non-resident engaged in shipping business. It received ₹120 lakh for carriage of goods shipped from Mumbai, India to Durban, South Africa. The presumptive income of the assessee under sectio
CS Executive · Tax Laws and Practice · PYQS · December 2019
Ginger Shippers is owned by a non-resident engaged in shipping business. It received ₹120 lakh for carriage of goods shipped from Mumbai, India to Durban, South Africa. The presumptive income of the assessee under section 44B would be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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