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[Cites 0, Cited by 3] [Section 115VG] [Entire Act]

Union of India - Subsection

Section 115VG(4) in The Income Tax Act, 1961

(4)For the purposes of this Chapter, the tonnage shall mean the tonnage of a ship indicated in the certificate referred to in section 115-VX and includes the deemed tonnage computed in the prescribed manner"> (4) For the purposes of this Chapter, the tonnage shall mean the tonnage of a ship indicated in the certificate referred to in section 115-VX and includes the deemed tonnage computed in the prescribed manner.Explanation. - For the purposes of this sub-section, "deemed tonnage" shall be the tonnage in respect of an arrangement of purchase of slots, slot charter and an arrangement of sharing of break-bulk vessel.