Income of a non-resident from airline business under section 44BBA of Income Tax Act, 1961 is calculated at the rate of .......... percentage of the aggregate amounts specified, on presumptive basis.

CS Executive · Tax Laws and Practice · PYQS · December 2018
Income of a non-resident from airline business under section 44BBA of Income Tax Act, 1961 is calculated at the rate of .......... percentage of the aggregate amounts specified, on presumptive basis.
(A) 7.5%
(B) 5%
(C) 10%
(D) 15%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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