https://www.taxtmi.com/acts?id=3261 A tonnage tax company whose option is approved must meet the minimum training requirement for trainee officers per guidelines of the Director General of Shipping and furnish the Director General's certificate with its section 139 return that the requirement was met for the previous year; failure to comply for five consecutive previous years causes the company's option for the tonnage tax scheme to cease from the beginning of the previous year following the fifth year. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 11:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3261 A tonnage tax company whose option is approved must meet the minimum training requirement for trainee officers per guidelines of the Director General of Shipping and furnish the Director General's certificate with its section 139 return that the requirement was met for the previous year; failure to comply for five consecutive previous years causes the company's option for the tonnage tax scheme to cease from the beginning of the previous year following the fifth year. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3261