https://www.taxtmi.com/acts?id=49233 Defines the tonnage tax scheme terminology: a qualifying company is an Indian company with effective management in India, owning at least one qualifying ship and chiefly operating ships; a qualifying ship is a seagoing or inland vessel meeting tonnage, registration and certification requirements but excluding vessels used mainly for land-like services, fishing vessels, factory ships, pleasure craft, ferries, offshore installations, and ships used as fishing vessels beyond a specified number of days; also defines related concepts including charters, Director-General of Shipping, tonnage income, tonnage tax company, and tonnage tax activities. en-us Fri, 14 Feb 2025 17:52:27 +0530 Fri, 14 Feb 2025 17:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49233 Defines the tonnage tax scheme terminology: a qualifying company is an Indian company with effective management in India, owning at least one qualifying ship and chiefly operating ships; a qualifying ship is a seagoing or inland vessel meeting tonnage, registration and certification requirements but excluding vessels used mainly for land-like services, fishing vessels, factory ships, pleasure craft, ferries, offshore installations, and ships used as fishing vessels beyond a specified number of days; also defines related concepts including charters, Director-General of Shipping, tonnage income, tonnage tax company, and tonnage tax activities. Act-Rules Bills Fri, 14 Feb 2025 17:52:27 +0530 https://www.taxtmi.com/acts?id=49233