https://www.taxtmi.com/acts?id=49225 Tonnage income is computed per qualifying ship as TI = DTI x N, where DTI is the daily tonnage income set by a slabbed schedule tied to net tonnage bands and N is the number of qualifying days. Tonnage is the net tonnage on a valid certificate or the prescribed deemed tonnage for slot or sharing arrangements, rounded to the nearest hundred tons by specified rules. No deduction or set off is allowed. Joint operators with definite shares split tonnage income proportionately; otherwise each operator computes income as if sole operator. en-us Fri, 14 Feb 2025 17:49:23 +0530 Thu, 20 Feb 2025 12:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49225 Tonnage income is computed per qualifying ship as TI = DTI x N, where DTI is the daily tonnage income set by a slabbed schedule tied to net tonnage bands and N is the number of qualifying days. Tonnage is the net tonnage on a valid certificate or the prescribed deemed tonnage for slot or sharing arrangements, rounded to the nearest hundred tons by specified rules. No deduction or set off is allowed. Joint operators with definite shares split tonnage income proportionately; otherwise each operator computes income as if sole operator. Act-Rules Bills Fri, 14 Feb 2025 17:49:23 +0530 https://www.taxtmi.com/acts?id=49225