Tonnage tax activities are defined through cross-referenced qualifying activities under the respective income-tax tonnage-tax provisions. Tonnage tax activities are defined by statutory cross-reference rather than an independent list. Under the Income-tax Act, 2025, the term covers ... Summary
Tonnage tax activities are defined through cross-referenced qualifying activities under the respective income-tax tonnage-tax provisions.
Tonnage tax activities are defined by statutory cross-reference rather than an independent list. Under the Income-tax Act, 2025, the term covers activities specified in section 228(3) and (7); under the Income-tax Act, 1961, it covers activities specified in section 115V-I(2) and (5), for the respective tonnage-tax provisions.
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