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Income-tax Act, 1961

Section - 115VC - Qualifying company

Qualifying company.

115VC. For the purposes of this Chapter, a company is a qualifying company if-

(a)- it is an Indian company;
(b)- the place of effective management of the company is in India;
(c)- it owns at least one qualifying ship; and
(d)- the main object of the company is to carry on the business of operating ships.
Explanation.-For the purposes of this section, "place of effective management of the company" means-

(A)- the pl .... To read the full section download the app from Google Play store
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