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)
Tonnage tax computation rule defines the charter-in tonnage limit by comparing chartered-in ton days with operated ton days. Rule 11S sets out the method for computing the average net tonnage limit for charter-in of tonnage under the tonnage tax scheme. The calculation is made by dividing the total number of chartered-in ton days by the total number of ton days operated by the company during the previous year. It functions as the prescribed computational mechanism for determining the charter-in limit for qualifying ships.
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.
Tonnage tax computation rule defines the charter-in tonnage limit by comparing chartered-in ton days with operated ton days.
Rule 11S sets out the method for computing the average net tonnage limit for charter-in of tonnage under the tonnage tax scheme. The calculation is made by dividing the total number of chartered-in ton days by the total number of ton days operated by the company during the previous year. It functions as the prescribed computational mechanism for determining the charter-in limit for qualifying ships.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
