Section 115VP Amended: Extended Deadline for Tonnage Tax Approvals Effective 2025

Last updated: 04 February 2025

Increasing time limit available to pass order under section 115VP Section 115VP of the Act pertains to method and time of opting for tonnage tax scheme, underwhich the tonnage income of an assessee shall be computed in accordance with the provisions ofChapter XII-G. Sub-section (1) of section 115VP

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Category Union Budget   Report

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