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Regarding sec 172

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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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 August 2013 they mean 7.5% of freight remittances.
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Sagar Doshi

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Sagar Doshi (Querist)
02 August 2013 Means suppose goods value is Rs 100 Crore and freight charges is 5 crore then 7.5% of what?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
31 August 2013 Of 5 Cr. 7.5% to be charged
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 August 2013 Yes 7.5% of freight charges that is 5 CRORE.

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