https://www.taxtmi.com/acts?id=3724 Rule 11Q prescribes conversion bases to compute deemed tonnage for the tonnage tax scheme under the Explanation to sub-section (4) of section 115VG: containers (measured in Twenty Foot Equivalent Units) are converted to Net Tonnage for slot purchase and slot charter arrangements; break bulk vessel sharing uses a volumetric conversion when cargo is volume restricted and a weight conversion when cargo is weight restricted, each yielding Net Tonnage for tax computation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 09 Oct 2021 13:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3724 Rule 11Q prescribes conversion bases to compute deemed tonnage for the tonnage tax scheme under the Explanation to sub-section (4) of section 115VG: containers (measured in Twenty Foot Equivalent Units) are converted to Net Tonnage for slot purchase and slot charter arrangements; break bulk vessel sharing uses a volumetric conversion when cargo is volume restricted and a weight conversion when cargo is weight restricted, each yielding Net Tonnage for tax computation. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3724