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.
Promising Future: Some REIT and InvIT issues still need to be resolved
The government firmed up regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) in 2014 with the aim of encouraging foreign investment, reducing the burden on the banking system, and allowing developers […]
Seed to Scale: Rising investor optimism on the back of new funding avenues
In the past one year, India has steadfastly maintained its status as a favourable investment destination for global and domestic investors. Drawn by compelling valuations, strategic investors have poured in capital, aiming for more exposure […]
Ministry of Coal announces selected applicants under category-II of financial incentive scheme
The Ministry of Coal has announced the selected applicants under Category II of the financial incentive scheme with a financial outlay of Rs 85 billion. The scheme is open to both private companies and government […]