https://www.taxtmi.com/acts?id=51756 The tonnage tax scheme requires companies operating qualifying ships to compute shipping profits separately under an option-based regime; companies operating owned or chartered-in vessels (including slot, space or joint charters) are within scope, while vessels chartered out on bareboat terms beyond three years are excluded. Tonnage income is computed as prescribed, deemed business profits, and the corresponding relevant shipping income is not otherwise chargeable; absent the option or coverage, shipping profits are computed under the Act's general provisions. en-us Thu, 14 Aug 2025 11:58:15 +0530 Sat, 30 Aug 2025 13:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51756 The tonnage tax scheme requires companies operating qualifying ships to compute shipping profits separately under an option-based regime; companies operating owned or chartered-in vessels (including slot, space or joint charters) are within scope, while vessels chartered out on bareboat terms beyond three years are excluded. Tonnage income is computed as prescribed, deemed business profits, and the corresponding relevant shipping income is not otherwise chargeable; absent the option or coverage, shipping profits are computed under the Act's general provisions. Act-Rules Income Tax Thu, 14 Aug 2025 11:58:15 +0530 https://www.taxtmi.com/acts?id=51756