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Income-tax Rules, 2026 | Rule 146 of 333

Rule 146 - Tonnage-tax option and related matters

Reviewed by CA Nikhil Gupta · Last reviewed 29 August 2026

Local extract available Legacy mapping: 11P-11T

146Rule number
1248Local text characters
2Linked Forms

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Primary authority: Notification No. 22/2026 / G.S.R. 198(E)

Currentness control: Base Rules effective 1 April 2026. Check later amendments, corrigenda and portal implementation before action.

Local statutory extract - official source controls

Rule text held in the production corpus

Rules related to application for exercising the option for tonnage tax scheme and other matters related to it. 146. For the purposes of the Tonnage Tax Scheme under Chapter XIII-G of the Act— (a) an application under section 231(1) to opt for the Tonnage Tax Scheme, or under section 231(10) for renewing the option, shall be made in Form No. 80 and verified as specified therein; (b) deemed tonnage under section 227(4)(b) in respect of specified arrangements shall be computed on the following basis: for purchase of slots and slot charter arrangements, 2.5 TEU (twenty-foot equivalent units) is treated as 1 Net Tonnage; for sharing of a break-bulk vessel measured by volume, 19 cubic metres is treated as 1 Net Tonnage; and for sharing of a break-bulk vessel measured by weight, 14 metric tons is treated as 1 Net Tonnage; (c) the incidental activities referred to in section 228(7) are: maritime consultancy charges; income from loading or unloading of cargo; ship management fees; and maritime education or recruitment fees; (d) the charter-in limit for qualifying ships is computed by dividing the total chartered-in ton days by the total ton days operated; and (e) the audit report required under section 232(21)(b) shall be in Form No. 81.

Local extract SHA-256: bed4ec5f709e287490304b7c55875556cd70f347e1c28fef71b24c1c85be09a4. This hash authenticates the local extract only; it does not certify that every amendment, table or Gazette footnote has been consolidated.

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Related sections

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Related Forms

Form 80 Form 81

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Official starting point
www.incometaxindia.gov.in

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