Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Temporary cessation of ship operations preserves company operator status under the shipping tax framework, but nonqualifying vessels lose qualifying status. Temporary cessation of operation of a qualifying ship by a company is not treated as cessation for the Chapter; the company is deemed to be operating the ... Summary
Temporary cessation of ship operations preserves company operator status under the shipping tax framework, but nonqualifying vessels lose qualifying status.
Temporary cessation of operation of a qualifying ship by a company is not treated as cessation for the Chapter; the company is deemed to be operating the qualifying ship. Conversely, if a ship (or inland vessel) temporarily ceases to be a qualifying ship while a qualifying company operates it, that vessel is not considered a qualifying ship for the Chapter during that period.
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