https://www.taxtmi.com/acts?id=3246 Tonnage income from operating qualifying ships must be computed under the statutory mechanism and the computed tonnage income is deemed to be the profits chargeable under the head Profits and gains of business or profession; the relevant shipping income is not chargeable to tax when tonnage income is so computed. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 11:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3246 Tonnage income from operating qualifying ships must be computed under the statutory mechanism and the computed tonnage income is deemed to be the profits chargeable under the head Profits and gains of business or profession; the relevant shipping income is not chargeable to tax when tonnage income is so computed. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3246