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Shipping companies in India have a unique tax regime under the Income Tax Act, known as the tonnage tax system, designed to simplify the process of calculating taxes. One of…
The tonnage tax scheme is a specialized tax regime designed for companies operating qualifying ships, providing them with a unique method of calculating their taxable income. Section 115VE of the…
The Indian shipping industry plays a vital role in global trade, transporting goods across international waters and contributing significantly to the nation's economy. To encourage the development of this sector,…
Introduction The Indian shipping industry plays a crucial role in global trade, and to boost this sector, the government provides certain tax benefits through the tonnage tax scheme. This scheme…
Section 115VB of the Income Tax Act plays a critical role in defining the concept of "operating ships" for the purpose of taxation under the tonnage tax scheme. This chapter…
In the world of maritime businesses, tax compliance and computation can be complex due to the unique nature of the industry. To simplify this process for companies engaged in shipping,…
The shipping industry plays a crucial role in international trade and commerce, and the Indian government has implemented various tax provisions to support this sector. One of the significant tax…
Investing in Alternative Investment Funds (AIFs) has gained popularity due to the attractive returns they offer, particularly in sectors like private equity, venture capital, and infrastructure. However, understanding the tax…
Introduction: Section 115UA of the Income Tax Act establishes a clear taxation framework for income distributed by business trusts such as Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts…
Investing in venture capital companies (VCCs) and venture capital funds (VCFs) offers significant opportunities for wealth creation, particularly in high-growth sectors. However, understanding the tax implications of income derived from…