Rule 11S: Computation of average of net tonnage for charter-in of tonnage

The Income-tax Rules, 1962Central Act · 1962

Computation of average of net tonnage for charter-in of tonnage.

The limit for charter-in of tonnage of the qualifying ships referred to in section 115VV (to be worked out according to the illustration explained in Note 6 appearing after the corresponding Form No. 66) during any previous year shall be computed by dividing the total number of chartered-in ton days by the total number of ton days operated by the company.

Where this provision sits

Act	The Income-tax Rules, 1962
Rule	11S
Marginal note	Computation of average of net tonnage for charter-in of tonnage
Jurisdiction	Central
Status	In force as published by the source

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