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.
Clean Fleets: Increasing deployment of sustainable mobility solutions
India is experiencing a major and rapid transformation in its urban transport landscape. Driven by policy momentum, regulatory mandates and ambitious net zero targets, the country is making strategic investments in large-scale electric bus (e-bus) […]
Stronger Links: Tools and techniques for safer and sustainable bridge construction
Over the years, bridge design and construction practices in India have come a long way. Now, modern bridge designs involve a comprehensive process that includes site selection, hydraulic and geotechnical analysis, structural design, and mandatory […]