TMI BlogManner of computation of income under Tonnage Tax Scheme - Section 115VEX X X X Extracts X X X X X X X X Extracts X X X X ..... Section 115VE A tonnage tax company engaged in the business of operating qualifying ships shall compute the profits from such business under the tonnage tax scheme. The business of operati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The tonnage tax scheme shall apply only if an option to that effect is made in accordance with the provisions of Section 115VP. Where a company engaged in the business of operating qualifying s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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