https://www.taxtmi.com/news?id=14225 Tonnage Tax System (TTS) is an optional tax regime for qualifying Indian shipping companies under Chapter XII-G (sections 115V-115VZC) of the Income Tax Act, effective from assessment year 2005-06. Companies could opt during the initial window from 1 October 2004 to 31 December 2005, while companies incorporated or qualifying later may opt within three months of incorporation or first qualifying. Reporting in income-tax returns shows 64 companies for 2012-13, 54 for 2013-14, and 46 for 2014-15 disclosed income under Chapter XII-G. en-us Fri, 20 Mar 2015 17:46:42 +0530 Fri, 20 Mar 2015 17:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14225 Tonnage Tax System (TTS) is an optional tax regime for qualifying Indian shipping companies under Chapter XII-G (sections 115V-115VZC) of the Income Tax Act, effective from assessment year 2005-06. Companies could opt during the initial window from 1 October 2004 to 31 December 2005, while companies incorporated or qualifying later may opt within three months of incorporation or first qualifying. Reporting in income-tax returns shows 64 companies for 2012-13, 54 for 2013-14, and 46 for 2014-15 disclosed income under Chapter XII-G. News - Fri, 20 Mar 2015 17:46:42 +0530 https://www.taxtmi.com/news?id=14225