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of <h1>Clause 233: Tonnage Tax Scheme Rules for Company Amalgamations and Demergers in Income Tax Bill 2025</h1> Clause 233 of the Income Tax Bill, 2025, addresses the application of the tonnage tax scheme in cases of company amalgamation and demerger. If an amalgamated company qualifies, the tonnage tax scheme provisions apply. Non-tonnage tax amalgamated companies must opt for the scheme within three months post-amalgamation approval. For amalgamating tonnage tax companies, the scheme applies for the longest unexpired option period. If a qualifying company before 2005 hasn't opted for the scheme, standard tax rules apply. In demergers, the resulting company can continue the scheme for the unexpired period if it qualifies, and the demerged company retains its scheme option if still qualifying.
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