Manner of computation of income under Tonnage Tax Scheme - Section 115VE

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....ction 115VE * A tonnage tax company engaged in the business of operating qualifying ships shall compute the profits from such business under the tonnage tax scheme. * The business of operating qua....

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....me shall apply only if an option to that effect is made in accordance with the provisions of Section 115VP. * Where a company engaged in the business of operating qualifying ships is not covered und....