The Finance Bill, 2012 seeks to amend Sec. 115VG of the Income-tax Act relating to computation of tonnage income. The existing Table in sub-Sec. (3) of the aforesaid Sec. provides for the amount of daily tonnage income of a qualifying ship. It is proposed to substitute the Table in order to increase the amount of...
Budget 2012: Highlights - Tonnage Tax
|Author:||Mr Anil Harish|
|Profession:||D.M. Harish & Co.|
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