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Section8
The Finance Act, 1975

Insertion of new section 44B

In force Act 25 of 1975 As on 09 Oct 2026

Act 25 of 1975 Ministry Finance Enacted 09 May 1975

Section 8 of the Finance Act, 1975 deals with insertion of new section 44B. Insertion of new section 44B 8. In the Income-tax Act, after section 44A, the following section shall be inserted with effect from the 1st day of April, 1976, namely:— Special provision for computing profits and gains of shipping business in the case of non-residents. The Act was enacted on 09 May 1975.

Insertion of new section 44B

8. In the Income-tax Act, after section 44A, the following section shall be inserted with effect from the 1st day of April, 1976, namely:—

Special provision for computing profits and gains of shipping business in the case of non-residents.

'44B. (1) Notwithstanding anything to the contrary contained in sections 28 to 43A, in the case of an assessee, being a non-resident, engaged in the business of operation of ships, a sum equal to seven and a half per cent, of the aggregate of the amounts specified in sub-section (2) shall be deemed to be the profits and gains of such business chargeable to tax under the head "Profits and gains of business or profession".

(2) The amounts referred to in sub-section (1) shall be the following, namely:—

(i) the amount paid or payable (whether in or out of India) to the assessee or to any person on his behalf on account of the carriage of passengers, live-stock, mail or goods shipped at. any port in India; and

(ii) the amount received or deemed to be received in India by or on behalf of the assessee on account of the carriage of passengers, live-stock, mail or goods shipped at any port outside India.'.

[Finance Act, 1975]

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Section 8, The Finance Act, 1975 (Act 25 of 1975).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 28 Amendment of section 45

Questions about Section 8

What does Section 8 of the Finance Act deal with?

Section 8 of the Finance Act is headed "Insertion of new section 44B". Insertion of new section 44B 8. In the Income-tax Act, after section 44A, the following section shall be inserted with effect from the 1st day of April, 1976, namely:— Special provision for computing profits and gains of shipping business in the case of non-residents.

How do I find court cases under Section 8 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1975 8, section 8 Finance Act 1975, section 8 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 8 of the Finance Act, and has it changed?

Its own text turns on section 28 (Amendment of section 45), so none of them can safely be read on its own.

When was Section 8 of the Finance Act enacted?

Section 8 of the Finance Act, cited as Finance Act 1975 8, was enacted on 09 May 1975 as Act 25 of 1975. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.