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Rule 11R of Income Tax Rules 1962: Incidental Activities - relevant shipping income

Rule 11R : Incidental activities for purposes of relevant shipping income
(Chapter: II, Part G. - Tonnage Tax Scheme For Shipping Companies)

The incidental activities (details given in Note 5 appearing after the corresponding Form No. 66) referred to in sub-section (5) of section 115V-I shall be the following, namely :—
(i) maritime consultancy charges;
(ii) income from loading or unloading of cargo;
(iii) ship management fees or remuneration received for managed vessels; and
(iv) maritime education or recruitment fees.

Extra Notes for Readers:

- Rule 11R was introduced by the Income Tax (8th Amendment) Rules, 2005, w.e.f. 1-4-2005

Check at Income Tax Dept. official site for latest version of the Rule.

This page was created/last updated on 17th October 2016.

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