Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Relevant shipping income includes maritime consultancy, cargo handling, ship management, and maritime education fees under the tonnage tax scheme. Rule 11R under the Income-tax Rules, 1962 identifies the incidental activities treated as part of relevant shipping income for the tonnage tax scheme applicable to shipping companies. The permitted incidental activities include maritime consultancy charges, income from loading or unloading cargo, ship management fees or remuneration received for managed vessels, and maritime education or recruitment fees. The rule functions as a definitional provision for ancillary shipping-related receipts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Relevant shipping income includes maritime consultancy, cargo handling, ship management, and maritime education fees under the tonnage tax scheme.
Rule 11R under the Income-tax Rules, 1962 identifies the incidental activities treated as part of relevant shipping income for the tonnage tax scheme applicable to shipping companies. The permitted incidental activities include maritime consultancy charges, income from loading or unloading cargo, ship management fees or remuneration received for managed vessels, and maritime education or recruitment fees. The rule functions as a definitional provision for ancillary shipping-related receipts.
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