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Home Acts & Rules Bills Bills Income Tax Bill, 2025 Part G = Special provisions relating to income of shipping companies Chapters List This

Special provisions relating to income of shipping companies - Income Tax Bill, 2025
Chapter: XIII
DETERMINATION OF TAX IN SPECIAL CASES
Part: G
Special provisions relating to income of shipping companies
Clause 225 : Income from business of operating qualifying ships.

       Clause 225 of the Bill seeks to provide for income from the business of operating qualifying ships and the option to tax paye....
Clause 226 : Tonnage tax scheme.

       Clause 226 of the Bill seeks to provide for tonnage tax scheme and defines that a company operating ships and giving the mann....
Clause 227 : Computation of tonnage income.

       Clause 227 of the Bill seeks to provide for computation of tonnage income.....
Clause 228 : Relevant shipping income and exclusion from book profit.

       Clause 228 of the Bill seeks to provide for relevant shipping income and exclusion from book profit.....
Clause 229 : Depreciation and gains relating to tonnage tax assets.

       Clause 229 of the Bill provides for manner of calculation of depreciation along with treatment of capital gains in case of th....
Clause 230 : Exclusion of deduction, loss, set off etc.,

       Clause 230 of the Bill seeks to provide for general exclusion of losses, deductions and set off including the accrued losses ....
Clause 231 : Method of opting of tonnage tax scheme and validity.

       Clause 231 of the Bill seeks to provide for the method of opting of tonnage tax scheme and validity.....
Clause 232 : Certain conditions for applicability of tonnage tax scheme.

       Clause 232 of the Bill seeks to provide for certain conditions for applicability of tonnage tax scheme.....
Clause 233 : Amalgamation and demerger.

       Clause 233 of the Bill seeks to provide for continuance of and validity of the scheme in the case of amalgamation and demerge....
Clause 234 : Avoidance of tax and exclusion from tonnage tax scheme.

       Clause 234 of the Bill seeks to provide for avoidance of tax and exclusion from tonnage tax scheme in case of abuse of the pr....
Clause 235 : Interpretation.

       Clause 235 of the Bill provides for definition of certain terms relating to tonnage tax scheme.....
 

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