Tonnage tax scheme governs profit computation for businesses operating qualifying ships under the specialised tax regime. Tonnage tax scheme is the statutory method for computing profits and gains from the business of operating qualifying ships. Section 235 of the Income-Tax ... Summary
Tonnage tax scheme governs profit computation for businesses operating qualifying ships under the specialised tax regime.
Tonnage tax scheme is the statutory method for computing profits and gains from the business of operating qualifying ships. Section 235 of the Income-Tax Act, 2025 applies the scheme under the relevant Part, while section 115V of the Income-Tax Act, 1961 defines it under the relevant Chapter. Both definitions concern profit computation for qualifying-ship operations.
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