Section 115VJ of Income Tax Act 1961
Treatment of common costs (1) Where a tonnage tax company also carries on any business or activity other than the tonnage tax business, common costs attributable to the tonnage tax business shall be determined on a reasonable basis. (2) Where any asset, other than a qualifying ship, is not exclusively used for the tonnage tax […]
Section 115VJ of Income Tax Act 1961 Read More »