TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Shipping Companies Must Maintain Separate Accounts and Submit Reports Under Clause 232(21) or Lose Tax Benefits</h1> A legal analysis of India's tonnage tax regime reveals new compliance requirements under Clause 232(21) of the Income Tax Bill, 2025. The provision mandates shipping companies maintain separate books of account for qualifying ships and submit an accountant's report before a specified date. Failure to comply results in disqualification from the concessional tax scheme for that tax year, ensuring transparency and preventing potential tax base erosion in the shipping sector.
TaxTMI 
TaxTMI 