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. […]
New Heights: Airport infrastructure, passenger and freight traffic growing apace
The year 2016-17 has been a positive one for the Indian aviation sector, with the growth in passenger and freight traffic being maintained, and new routes being opened up under the Regional Connectivity Scheme (RCS). […]