1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Companies Exiting Tonnage Tax Scheme Face 10-Year Reentry Ban for Non-Compliance or Abuse Under Section 115VZC(1).</h1> A qualifying company that opts out of the tonnage tax scheme or fails to comply with specific provisions, such as transferring profits to the tonnage tax reserve, meeting training requirements, or adhering to tonnage character limits, is prohibited from re-entering the scheme for ten years. This also applies if the company is excluded due to abuse of the scheme under an order from section 115VZC(1). These restrictions ensure compliance with the tonnage tax scheme's regulations.
TaxTMI 
TaxTMI 
