https://www.taxtmi.com/manuals?id=4870 A tonnage tax company is a qualifying company that may elect to have income from operating qualifying ships computed under Chapter XII-G and deemed to be profits and gains of that business. A qualifying company must be an Indian company with effective management in India, own at least one qualifying ship and have as its main object the business of operating ships. The tonnage tax option is exercised by application to the Joint Commissioner, who approves the option in writing upon being satisfied of eligibility. en-us Mon, 09 Sep 2024 10:38:00 +0530 Wed, 11 Jun 2025 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4870 A tonnage tax company is a qualifying company that may elect to have income from operating qualifying ships computed under Chapter XII-G and deemed to be profits and gains of that business. A qualifying company must be an Indian company with effective management in India, own at least one qualifying ship and have as its main object the business of operating ships. The tonnage tax option is exercised by application to the Joint Commissioner, who approves the option in writing upon being satisfied of eligibility. Manuals Income Tax Mon, 09 Sep 2024 10:38:00 +0530 https://www.taxtmi.com/manuals?id=4870