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Read more about the article Understanding Section 115VD of the Income Tax Act: Qualifying Ship under the Tonnage Tax Scheme

Understanding Section 115VD of the Income Tax Act: Qualifying Ship under the Tonnage Tax Scheme

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,…

Continue ReadingUnderstanding Section 115VD of the Income Tax Act: Qualifying Ship under the Tonnage Tax Scheme
Read more about the article Understanding Section 115VA of the Income Tax Act: Computation of Profits and Gains from the Business of Operating Qualifying Ships

Understanding Section 115VA of the Income Tax Act: Computation of Profits and Gains from the Business of Operating Qualifying Ships

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,…

Continue ReadingUnderstanding Section 115VA of the Income Tax Act: Computation of Profits and Gains from the Business of Operating Qualifying Ships