The income of non-resident from the business of operation of aircraft in respect of carrying of cargo or passenger in India shall be taxable as per section 44BBA @

CS Executive · Tax Laws and Practice · PYQS · December 2015
The income of non-resident from the business of operation of aircraft in respect of carrying of cargo or passenger in India shall be taxable as per section 44BBA @
(A) 5% of the amount received/receivable
(B) 10% of the amount received/ receivable
(C) 15% of the amount received/ receivable
(D) 7.5% of the amount received/ receivable.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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