https://www.taxtmi.com/acts?id=51763 On amalgamation, the tonnage tax scheme applies to the amalgamated company if it is a qualifying company; a non-tonnage tax amalgamated company must opt into the scheme within a short period after scheme approval. If all amalgamating companies were under the tonnage tax scheme, the amalgamated company inherits the longest unexpired option period. A transitional clause excludes application where a constituent failed to exercise a prior option by the earlier cut-off. On demerger, the scheme may apply to the resulting company for the unexpired period and the demerged company's option endures for any unexpired period if it remains qualifying. en-us Thu, 14 Aug 2025 12:00:43 +0530 Mon, 01 Sep 2025 10:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51763 On amalgamation, the tonnage tax scheme applies to the amalgamated company if it is a qualifying company; a non-tonnage tax amalgamated company must opt into the scheme within a short period after scheme approval. If all amalgamating companies were under the tonnage tax scheme, the amalgamated company inherits the longest unexpired option period. A transitional clause excludes application where a constituent failed to exercise a prior option by the earlier cut-off. On demerger, the scheme may apply to the resulting company for the unexpired period and the demerged company's option endures for any unexpired period if it remains qualifying. Act-Rules Income Tax Thu, 14 Aug 2025 12:00:43 +0530 https://www.taxtmi.com/acts?id=51763