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Tonnage Taxation
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Income Tax - Ready Reckoner

Tonnage Taxation

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Chapters / List

  1. Tonnage Taxation - Section 115V, 115VA, 115VB, 115VC, 115VD
  2. Manner of computation of income under Tonnage Tax Scheme - Section 115VE
  3. Tonnage Income - Section 115VF
  4. Computation of Tonnage Income - Section 115 VG
  5. Calculation in case of joint operation, etc. - Section 115VH
  6. Relevant shipping income & core activities of a tonnage tax company - Section 115VI
  7. Treatment of common costs - Section 115VJ
  8. Depreciation - Section 115VK
  9. General exclusion of deduction and set off, etc. - Section 115VL
  10. Exclusion of loss - Section 115VM
  11. Chargeable gains from transfer of tonnage tax assets - Section 115VN
  12. Exclusion from provisions of section 115JB - Section 115V-O
  13. Method and time of opting for tonnage tax scheme - Section 115VP
  14. Period for which tonnage tax option to remain in option - Section 115VQ
  15. Renewal of tonnage tax scheme - Section 115VR
  16. Prohibition to opt for tonnage tax scheme in certain cases - Section 115VS
  17. Transfer of profits to Tonnage Tax Reserve Account - Section 115VT
  18. Minimum training requirement for tonnage tax company - Section 115VU
  19. Limit for charter in of tonnage - Section 115VV
  20. Maintenance and audit of accounts - Section 115VW
  21. Determination of tonnage - Section 115VX
  22. Amalgamation and Demerger of shipping companies - Section 115VY & Section 115VZ
  23. Effect of temporarily ceasing to operate qualifying ships - Section 115VZA
  24. Avoidance of tax - Section 115VZB
  25. Exclusion from tonnage tax scheme - Section 115VZC
 
 
 

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