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of <h1>Rule 11R: Incidental Activities Qualifying as Shipping Income for Tonnage Tax Scheme Explained</h1> The Income Tax Rules, 1962, under Rule 11R, define specific incidental activities that qualify as relevant shipping income for the tonnage tax scheme applicable to shipping companies. These activities include maritime consultancy charges, income from loading or unloading cargo, ship management fees or remuneration for managed vessels, and fees from maritime education or recruitment. These provisions are outlined in sub-section (5) of section 115V-I and are detailed further in Note 5 following Form No. 66.
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