https://www.taxtmi.com/acts?id=3248 Where a qualifying ship is operated by two or more companies by way of joint interest or by agreement for use and their respective shares are definite and ascertainable, each company's tonnage income equals a share proportionate to its interest; otherwise, subject to that rule, where two or more companies are operators the tonnage income of each is computed as if each had been the only operator. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 11:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3248 Where a qualifying ship is operated by two or more companies by way of joint interest or by agreement for use and their respective shares are definite and ascertainable, each company's tonnage income equals a share proportionate to its interest; otherwise, subject to that rule, where two or more companies are operators the tonnage income of each is computed as if each had been the only operator. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3248