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Section 115VG of ITA, 1961 : Section 115Vg: Computation Of Tonnage Income

The Income-tax Act, 1961

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Explanation using examples

Imagine a shipping company, Oceanic Transports Pvt. Ltd., which operates a fleet of ships and has opted for the tonnage tax scheme under the Income-tax Act, 1961. One of their ships, the MV Bluewave,

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