The Income Tax Act of India offers various taxation schemes tailored to support businesses in specific industries, such as the tonnage tax scheme for shipping companies. Section 115VZC details conditions…
When it comes to tax benefits for shipping companies, the tonnage tax scheme stands out as a specialized taxation regime. Section 115VR of the Income Tax Act plays a crucial…
In India, the Income Tax Act provides various taxation schemes to ease the compliance burden on specific industries. One such scheme, specifically tailored for qualifying shipping companies, is the tonnage…