CBDT Notification reg Presumptive taxation regime for non-resident cruise ship operators

CBDT notifies conditions for applicability of presumptive taxation regime for non-resident cruise ship operators under Finance (No. 2) Act, 2024.

Conditions prescribed-
:white_check_mark: Applies to ships with >200 passenger capacity or >75m length.
:white_check_mark:Scheduled voyages touching at least 2 Indian sea ports or same sea ports of India twice.
:white_check_mark: Passenger-focused operations and not cargo.
:white_check_mark: Compliance with guidelines issued by Ministry of Tourism/Shipping.

This aims at promoting investment & employment in the cruise sector!

Notification No. 9/2025 dated 21.01.2025 published in https://egazette.gov.in