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    <title>Income-tax (Eleventh Amendment) Rules, 2004</title>
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    <description>The rules insert a tonnage tax scheme into the Income-tax Rules, 1962, requiring companies to apply in Form No.65 to exercise or renew an option under section 115VP or 115VR. The Form and Annexure (Parts A and B) collect corporate and ship particulars, verification that the company is a qualifying Indian company with place of effective management in India, and require specified ship certificates and DG Shipping approvals. Applications must be filed with the Joint Commissioner and signed by the managing director or prescribed alternate signatories; incomplete applications or false statements have prescribed consequences.</description>
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