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.
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. […]
Centre to allocate Rs 4.88 billion for power projects in Telangana
Reportedly, the central government has allocated an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes in Telangana to strengthen the state’s power grid and ensure reliable electricity supply. […]
Views of A.K. Tiwari: “PNG has become a policy priority”
India’s city gas distribution (CGD) sector has witnessed notable expansion over the years, driven by supportive government policies and rising demand. The Petroleum and Natural Gas Regulatory Board (PNGRB) has authorised 307 geographical areas (GAs) […]