Computation of tonnage income

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....2) and (3). (2) For the purposes of sub-section (1), the tonnage income of each qualifying ship shall be the daily tonnage income of each such ship multiplied by (a)  the number of days in the previous year; or (b)  the number of days in part of the previous year in case the ship is operated by the company as a qualifying ship for only part of the previous year, as the case may be. ....

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....cate referred to in section 115VX and includes the deemed tonnage computed in the prescribed manner. Explanation. For the purposes of this sub-section, deemed tonnage shall be the tonnage in respect of an arrangement of purchase of slots, slot charter and an arrangement of sharing of break-bulk vessel. (5) The tonnage shall be rounded off to the nearest multiple of hundred tons and for this purp....