Section – 115VA : Computation of profits and gains from the business of operating qualifying ships
March 5, 2018
Section – 115VC : Qualifying company
March 5, 2018

Section – 115VB : Operating ships

115VB. For the purposes of this Chapter, a company shall be regarded as operating a ship if it operates any ship whether owned or chartered by it and includes a case where even a part of the ship has been chartered in by it in an arrangement such as slot charter, space charter or joint charter :

Provided that a company shall not be regarded as the operator of a ship which has been chartered out by it on bareboat charter-cum-demise terms or on bareboat charter terms for a period exceeding three years.

Leave a Reply

Your email address will not be published. Required fields are marked *

73 + = 81

Stay Connected

Never miss out on what’s new in GST,
Accounting, TDS, and Tax compliance.

Subscribe to our newsletter.

Connect with us on WhatsAapp.

Want to know more about HostBooks?

We'll help you out!

− 2 = 1
Please contact me by: