https://www.taxtmi.com/manuals?id=1405 Determine each qualifying ship's certified net tonnage (including prescribed deemed tonnage), convert that tonnage into a daily tonnage income under the slabbed per 100 ton rates, multiply by the number of days each ship was operated, and aggregate all ships' tonnage incomes; the aggregate is treated as profits from business and is taxed at the prevailing corporate tax rate. Tonnage is rounded to the nearest hundred tons per the prescribed rule and no deduction or set off is allowed in computing tonnage income. en-us Tue, 12 Jan 2016 12:57:00 +0530 Mon, 07 Apr 2025 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1405 Determine each qualifying ship's certified net tonnage (including prescribed deemed tonnage), convert that tonnage into a daily tonnage income under the slabbed per 100 ton rates, multiply by the number of days each ship was operated, and aggregate all ships' tonnage incomes; the aggregate is treated as profits from business and is taxed at the prevailing corporate tax rate. Tonnage is rounded to the nearest hundred tons per the prescribed rule and no deduction or set off is allowed in computing tonnage income. Manuals Income Tax Tue, 12 Jan 2016 12:57:00 +0530 https://www.taxtmi.com/manuals?id=1405