https://www.taxtmi.com/acts?id=3247 Tonnage income for each qualifying ship equals the prescribed daily tonnage income, determined by net tonnage bands, multiplied by the days the ship is operated in the previous year. Tonnage is the figure in the certificate under section 115VX and includes deemed tonnage for slot or shared break bulk arrangements. Tonnage is rounded to the nearest hundred tons per the fifty ton rule. No deduction or set off is permitted in computing tonnage income under this Chapter. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3247 Tonnage income for each qualifying ship equals the prescribed daily tonnage income, determined by net tonnage bands, multiplied by the days the ship is operated in the previous year. Tonnage is the figure in the certificate under section 115VX and includes deemed tonnage for slot or shared break bulk arrangements. Tonnage is rounded to the nearest hundred tons per the fifty ton rule. No deduction or set off is permitted in computing tonnage income under this Chapter. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3247