https://www.taxtmi.com/acts?id=51757 Tonnage income of a tonnage tax company is the aggregate of the tonnage income of each qualifying ship, computed by multiplying daily tonnage income by the number of operating days. Daily tonnage income is determined by a slab-wise table based on net tonnage, while tonnage is taken from a valid certificate, includes certain deemed tonnage arrangements, and is rounded to the nearest hundred tons. No deduction or set-off is allowed, and where a ship is operated by multiple companies, income is apportioned according to definite shares or computed as if each were the only operator. en-us Thu, 14 Aug 2025 11:58:47 +0530 Mon, 06 Apr 2026 10:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51757 Tonnage income of a tonnage tax company is the aggregate of the tonnage income of each qualifying ship, computed by multiplying daily tonnage income by the number of operating days. Daily tonnage income is determined by a slab-wise table based on net tonnage, while tonnage is taken from a valid certificate, includes certain deemed tonnage arrangements, and is rounded to the nearest hundred tons. No deduction or set-off is allowed, and where a ship is operated by multiple companies, income is apportioned according to definite shares or computed as if each were the only operator. Act-Rules Income Tax Thu, 14 Aug 2025 11:58:47 +0530 https://www.taxtmi.com/acts?id=51757