#qualifying assets

Read more about the article Understanding Section 115V-O of the Income Tax Act: Exclusion from Provisions of Section 115JB

Understanding Section 115V-O of the Income Tax Act: Exclusion from Provisions of Section 115JB

The Income Tax Act of India contains numerous provisions to ensure that businesses across various sectors are taxed appropriately. For companies operating in the shipping sector, the tonnage tax scheme…

Continue ReadingUnderstanding Section 115V-O of the Income Tax Act: Exclusion from Provisions of Section 115JB
Read more about the article Understanding Section 115VN of the Income Tax Act: Chargeable Gains from the Transfer of Tonnage Tax Assets

Understanding Section 115VN of the Income Tax Act: Chargeable Gains from the Transfer of Tonnage Tax Assets

The Indian Income Tax Act, 1961, offers several specific provisions for various sectors, and the tonnage tax regime for shipping companies is one of the most significant. Section 115VN deals…

Continue ReadingUnderstanding Section 115VN of the Income Tax Act: Chargeable Gains from the Transfer of Tonnage Tax Assets