TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012 Amends Section 115VG: New Daily Tonnage Income Rates for Qualifying Ships Effective April 2013</h1> Clause 55 of the Finance Bill, 2012 amends section 115VG of the Income-tax Act, specifically sub-section (3), by replacing the existing table for calculating the daily tonnage income of qualifying ships. The new table, effective from April 1, 2013, increases the daily tonnage income amounts based on the ship's net tonnage. The revised rates range from Rs. 70 for ships up to 1,000 tons to Rs. 11,770 plus Rs. 29 for each 100 tons exceeding 25,000 tons. This amendment applies to the assessment year 2013-2014 and subsequent years.
TaxTMI 
TaxTMI 
