Determination of Tonnage for Shipping Companies under Indian Tax Law : Clause 227(9) of the Income Tax Bill, 2025 Vs. Section 115VX of the Income Tax Act, 1961
28 May, 2025
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Tonnage determination by statutory certificates ensures objective tonnage income computation and limits administrative discretion, aligning with international practice. The net tonnage for tonnage income must be determined from prescribed certificates: Indian ships by Merchant Shipping Rules or the 1969 Convention ... Summary
Tonnage determination by statutory certificates ensures objective tonnage income computation and limits administrative discretion, aligning with international practice.
The net tonnage for tonnage income must be determined from prescribed certificates: Indian ships by Merchant Shipping Rules or the 1969 Convention certificate as applicable; foreign ships by a DG Shipping licence reflecting Flag State tonnage certificates or other evidence acceptable to the DG; inland vessels by Inland Vessels Act, 2021 certificates. Reliance on statutory certificates is central, reducing subjective measurement and constraining administrative assessment to verification of certificate authenticity.
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