Tonnage Tax In India

admin on September 17th, 2011

TONNAGE TAX FOR SHIPPING INDUSTRY The tonnage tax scheme for eligible shipping companies (dredgers included) was introduced in India with effect from 2005/06 and provides for a tonnage-based presumptive tax. Indian shipping companies now have the option to pay taxes on tonnage income in place of normal taxable income. There is a lock in period […]

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