BUDGET 2014-15: Presumptive Taxation for NRI

In the case of a non-resident Indian (NRI) taxpayer 



Business
Rate at
which income is presumed
Shipping
7.5 % of gross receipts
Exploration of mineral oil
10 % of gross receipts
 Operations of Aircraft
5 % of gross receipts
Turnkey power projects
10 % of gross receipts
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