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Jan 6, 26, 12:54 PM
102120000000091088 2025-11-01 115V Definitions Content Definitions CHAPTER XII-G...—Meaning of certain expressions...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115V Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091093 2025-11-01 115VE Manner of computation of income under tonnage...tax scheme Content Manner of...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VE Year: 2025 -
Jan 6, 26, 12:54 PM
income Relevant shipping income. 115V-I. (1) For the purposes of this Chapter, the...relevant shipping income of a tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115V-I Year: 2025 -
Jan 6, 26, 12:54 PM
sub-section (1) shall be taxable under the other provisions of this Act— Item number...sub-section (1) shall not be taxable...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VT Year: 2025 -
Jan 6, 26, 12:54 PM
tax scheme. 115VP. (1) A qualifying company may opt for the tonnage tax scheme by...Ins. by Act No. 7 of 2025, w.e.f....
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VP Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091105 2025-11-01 115VQ Period for which tonnage tax option to remain...which tonnage tax option to remain in force. 115VQ. (1) An...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VQ Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091095 2025-11-01 115VG Computation of tonnage income Content Computation...of tonnage income Computation of tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VG Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091109 2025-11-01 115VU Minimum training requirement for tonnage tax...company Content Minimum training requirement for tonnage tax...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VU Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091094 2025-11-01 115VF Tonnage income Content Tonnage income Tonnage...income. 115VF....shall not be...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VF Year: 2025 -
Jan 6, 26, 12:54 PM
from tonnage tax scheme Exclusion from tonnage tax scheme. 115VZC. (1) Where a tonnage...advantage under this Chapter. (3)...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VZC Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091106 2025-11-01 115VR Renewal of tonnage tax scheme Content Renewal...of tonnage tax scheme Renewal of tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VR Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091107 2025-11-01 115VS Prohibition to opt for tonnage tax scheme in...certain cases Content Prohibition to opt for tonnage tax scheme...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VS Year: 2025 -
Jan 6, 26, 12:54 PM
way of an agreement for the use of the ship and their respective shares are definite...and ascertainable, the tonnage income of each such company...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VH Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091116 2025-11-01 115VZB Avoidance of tax Content Avoidance of tax G....—Provisions of this Chapter not to apply in certain cases...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VZB Year: 2025 -
Jan 6, 26, 12:54 PM
102120000000091102 2025-11-01 115VN Chargeable gains from transfer of tonnage tax...from transfer of tonnage tax assets. 115VN....an asset forming...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VN Year: 2025 -
Jan 6, 26, 12:54 PM
Notwithstanding anything contained in any other provision of this Act, in computing...the tonnage income of a tonnage tax...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VL Year: 2025 -
Jan 6, 26, 12:54 PM
of tonnage. 115VV. (1) In the case of every company which has opted for tonnage tax...to that previous year shall be computed as if the option for tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VV Year: 2025 -
Jan 6, 26, 12:54 PM
Depreciation Depreciation. 115VK. (1) For the purposes of computing depreciation under...business and for purposes other than tonnage tax...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VK Year: 2025 -
Jan 6, 26, 12:54 PM
to the other provisions of this section, the provisions relating to the tonnage tax...qualifying company: Providedthat where the amalgamated company is not a tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VY Year: 2025 -
Jan 6, 26, 12:54 PM
Shipping Act, 1958 (44 of 1958); (b) having a length of twenty-four metres or...the Inland Vessels Act, 2021 (24 of 2021). 69....Italicised words...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VX Year: 2025 -
Jan 6, 26, 12:54 PM
scheme and which are attributable to its tonnage tax business, as if such losses...when the company is under the tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VM Year: 2025 -
Jan 6, 26, 12:54 PM
the Merchant Shipping Act, 1958 (44 of 1958), or a ship registered outside India...an inland vessel registered under the Inland Vessels...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VD Year: 2025 -
Jan 6, 26, 12:54 PM
—Computation of tonnage income from business of operating qualifying ships Computation...to the contrary contained in sections 28 to 43C, in the case of a company, the...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VA Year: 2025 -
Jan 6, 26, 12:54 PM
Treatment of common costs Treatment of common costs. 115VJ. (1) Where a tonnage tax...company also carries on any business or activity other than the tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VJ Year: 2025 -
Jan 6, 26, 12:54 PM
its business to the resulting company before the expiry of the option for tonnage tax...scheme, then, subject to the other provisions of this Chapter, the tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VZ Year: 2025 -
Jan 6, 26, 12:54 PM
An option for tonnage tax scheme by a tonnage tax company shall not have effect in...CHAPTER XII-G CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VW Year: 2025 -
Jan 6, 26, 12:54 PM
Italicised words shall be Ins. by Act No. 7 of 2025, w.e.f. 1-4-2026....CHAPTER XII-G CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VZA Year: 2025 -
Jan 6, 26, 12:54 PM
Italicised words shall be Ins. by Act No. 7 of 2025, w.e.f. 1-4-2026....CHAPTER XII-G CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VB Year: 2025 -
Jan 6, 26, 12:54 PM
The book profit or loss derived from the activities of a tonnage tax company, referred...CHAPTER XII-G CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115V-O Year: 2025 -
Jan 6, 26, 12:54 PM
CHAPTER XII-G CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Language: English Features: Acts Sections - Income tax act: Section - 115VC Year: 2025 -
Jun 4, 26, 6:08 PM
CMS 1.0 102120000000019152 2025-11-01 115VE Manner of computation of income under...tonnage tax scheme [] Manner of...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VE Year: 2004 -
Jun 4, 26, 6:10 PM
CMS 1.0 102120000000019876 2025-11-01 115VE Manner of computation of income under...tonnage tax scheme [] Manner of...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VE Year: 2005 -
Jun 4, 26, 6:10 PM
CMS 1.0 102120000000019871 2025-11-01 115V Definitions [] Definitions 97 [CHAPTER...—Meaning of certain expressions...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115V Year: 2005 -
Jun 4, 26, 6:08 PM
CMS 1.0 102120000000019147 2025-11-01 115V Definitions [] Definitions The following...—Meaning of certain expressions...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115V Year: 2004 -
Jun 4, 26, 6:08 PM
way of an agreement for the use of the ship and their respective shares are definite...and ascertainable, the tonnage income of each such company...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VH Year: 2004 -
Jun 4, 26, 6:10 PM
way of an agreement for the use of the ship and their respective shares are definite...and ascertainable, the tonnage income of each such company...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VH Year: 2005 -
Jun 4, 26, 6:09 PM
sub-section (1) shall be taxable under the other provisions of this Act—...sub-section (1) shall not be taxable under the...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VT Year: 2004 -
Jun 4, 26, 6:10 PM
sub-section (1) shall be taxable under the other provisions of this Act— (i)...sub-section (1) shall not be taxable...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VT Year: 2005 -
Jun 4, 26, 6:08 PM
shipping income Relevant shipping income. 115V-I...of this Act. (2) The core activities of a tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VI Year: 2004 -
Jun 4, 26, 6:10 PM
shipping income Relevant shipping income. 115V-I...of this Act. (2) The core activities of a tonnage...
Act: Income-tax Act, 1961 Chapter: CHAPTER XII-G - SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES Features: Acts Sections - Income tax act: Section - 115VI Year: 2005
