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Union of India - Section
Section 58 in Finance Act, 2012
58. Amendment of section 115VG.
- In section 115VG of the Income-tax Act, in sub-section (3), for the Table, the following Table shall be substituted with effect from the 1st day of April, 2013, namely: -"Table| Qualifying ship having net tonnage | Amount of daily tonnage income |
| (1) | (2) |
| up to 1,000 | Rs. 70 for each 100 tons |
| exceeding 1,000 but not more than 10,000 | Rs. 700plus Rs. 53 for each 100 tons exceeding 1,000 tons |
| exceeding 10,000 but not more than 25,000 | Rs. 5,470plus Rs. 42 for each 100 tons exceeding 10,000 tons |
| exceeding 25,000 | Rs. 11,770plus Rs. 29 for each 100 tons exceeding 25,000 tons.". |