https://www.taxtmi.com/manuals?id=1667 Tonnage income computation under the tonnage tax regime treats relevant deductions and allowances as if given effect in the relevant previous years, while prohibiting carry forward or set off of losses arising from operating qualifying ships and disallowing Chapter VI-A deductions for ship-operation profits. Written down value for assets used in the tonnage business is to be calculated as if depreciation had been claimed and allowed for the relevant prior years. en-us Thu, 27 Jul 2017 17:03:00 +0530 Mon, 06 May 2024 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1667 Tonnage income computation under the tonnage tax regime treats relevant deductions and allowances as if given effect in the relevant previous years, while prohibiting carry forward or set off of losses arising from operating qualifying ships and disallowing Chapter VI-A deductions for ship-operation profits. Written down value for assets used in the tonnage business is to be calculated as if depreciation had been claimed and allowed for the relevant prior years. Manuals Income Tax Thu, 27 Jul 2017 17:03:00 +0530 https://www.taxtmi.com/manuals?id=1667