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Regarding sec 172

This query is : Resolved 

01 August 2013 U/s 172 7.5%of amount received is taxable income and charged to NRI at the rate applicable to company, then 7.5% of what amount means which should be included and which should not?? please give some clarification.

01 August 2013 they mean 7.5% of freight remittances.

02 August 2013 Means suppose goods value is Rs 100 Crore and freight charges is 5 crore then 7.5% of what?

31 August 2013 Of 5 Cr. 7.5% to be charged

31 August 2013 Yes 7.5% of freight charges that is 5 CRORE.


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