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Indian Income Tax Act, 2025   Chapter XIII ‐ G   Determination of Tax in Special cases Special provisions relating to income of shipping companies   Section No. Particulars IT Act, 1961 Section No. if any 225   Income from the business of operating qualifying ships 115VA 226   Tonnage tax scheme 227   Computation of tonnage income 228   Relevant shipping income and exclusion from book profit 229   Depreciation and gains relating to tonnage tax assets 230   Exclusion of deduction, loss, set off, etc. 231   Method of opting of tonnage tax scheme and validity 232   Certain conditions for applicability of tonnage tax scheme 233   Amalgamation and demerger 115VY  /  115VZ 234   Avoidance of tax and exclusion from tonnage tax scheme 115VZB  /  115VZC 235   Interpretation BACK