Tonnage Taxation

Chapters / List

1. Tonnage Taxation - Section 115V, 115VA, 115VB, 115VC, 115VD

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

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3. Tonnage Income - Section 115VF

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4. Computation of Tonnage Income - Section 115VG

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5. Calculation in case of joint operation, etc. - Section 115VH

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6. Relevant shipping income & core activities of a tonnage tax company - Section 115VI

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7. Treatment of common costs - Section 115VJ

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8. Depreciation - Section 115VK

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9. General exclusion of deduction and set off, etc. - Section 115VL

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10. Exclusion of loss - Section 115VM

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11. Chargeable gains from transfer of tonnage tax assets - Section 115VN

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12. Exclusion from provisions of section 115JB - Section 115V-O

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13. Method and time of opting for tonnage tax scheme - Section 115VP

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14. Period for which tonnage tax option to remain in option - Section 115VQ

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15. Renewal of tonnage tax scheme - Section 115VR

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16. Prohibition to opt for tonnage tax scheme in certain cases - Section 115VS

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17. Transfer of profits to Tonnage Tax Reserve Account - Section 115VT

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18. Minimum training requirement for tonnage tax company - Section 115VU

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19. Limit for charter in of tonnage - Section 115VV

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20. Maintenance and audit of accounts - Section 115VW

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21. Determination of tonnage - Section 115VX

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22. Amalgamation and Demerger of shipping companies - Section 115VY & Section 115VZ

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23. Effect of temporarily ceasing to operate qualifying ships - Section 115VZA

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24. Avoidance of tax - Section 115VZB

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25. Exclusion from tonnage tax scheme - Section 115VZC

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