The expansion of the tonnage tax scheme proposed in the new Income Tax Bill, 2025 will offer significant benefits to domestic shipping companies. The revised provisions extend the tax regime to Indian inland vessels under the Inland Vessels Act, 2021, which was previously limited to ships registered under the Merchant Shipping Act, 1958. Under the new framework, companies opting for the tonnage tax scheme will be considered separate businesses and enjoy a 10-year lock-in period, exempting them from corporate tax during this duration. Industry experts believe that this move will enhance cash flow and improve the viability of inland and coastal shipping operations.
Sustained Momentum: Key developments in the roads and bridges sector
The past year has witnessed remarkable progress in India’s road sector, reflecting the country’s commitment to road modernisation. The centre has implemented various reforms and measures to address long-standing issues. In addition to its continuing […]
Trends and Outlook: Array of initiatives revive stakeholder interest
The road sector has undoubtedly started showing signs of recovery after a slowdown lasting almost three years. […]
