Application for exercising / renewing option for the tonnage tax scheme under sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-Tax Act, 1961

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....the company] hereby apply for *exercising/renewing the option for the tonnage tax scheme in accordance with the provisions of *sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-tax Act, 1961 with effect from the assessment year ………………………… 2. A statement of particulars for the purpose of *exercising/renewing the option is enclosed as per Annexure to this Form. Verification I,…………… …………………….. (full name in block letters), do hereby declare that what is stated in this application and the Annexure here to is true to the best of my information and bel....

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....pplication should be filed with the Joint Commissioner of Income-tax, having jurisdiction over the applicant company. 2. All the columns in the application must be filled in. Part A and Part B (if application) of the Annexure must be filled in, failing which the application shall be treated as incomplete. 3. *Strike out whichever is not applicable. 4. **Before signing the verification every person should satisfy himself that the application, the accompanying statements and documents are, to the best of his knowledge and belief, correct and complete in all respects. Any person making any false statement shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961. 5. The application shall be signed and verified on behal....

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....] 7. Details of ships owned or chartered by the company (i) Owned ships Sl. No. Name of the ship Net tonnage Flag Type of ship Whether qualifying or not (1) (2) (3) (4) (5) (6) (ii) Ships chartered in on bareboat charter-cum-demise terms Sl. No. Name of the Ship Net tonnage Flag Type of ship Date of commencement of charter Period of charter Reference No. of DG (Shipping) approval Whether qualifying or not (1) (2) (3) (4) (5) (6) (7) (8) (9) (iii) Ships chartered in on bareboat charter terms for more than three years Sl. No. Name of the Ship Net tonnage Flag Type of ship Date of commencement of charter Period of charter Reference No. of DG (Shipping) approval Whether qualifying or not (1) (2) (3)....

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....ip;…… PART B (Statement of particulars to be furnished only in case of renewing of option for tonnage tax scheme) 1. Date(s) of exercising earlier option(s) along with date(s) of order approving the option [enclose a copy of the order(s)]. 2. Details regarding earlier options: (i) Whether the company ceased to be qualifying company at any time during earlier options(s). (ii) Whether any default was made in complying with the provisions of section 115VT or section 115VU or section 115VV (if yes, give details). (iii) Whether the company was excluded from the scheme under section 115VZC (if yes, give details). (iv) Whether the company voluntarily opted out of the tonnage tax scheme (if yes, give details). (v) Whether the....