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Rule - 11P (of Income Tax Rules, 1962), Income-tax Rules, 1962

Rule - 11P (of Income Tax Rules, 1962), Income-tax Rules, 1962

Application for exercising or renewing the option for tonnage tax scheme

 An application under sub-section (1) of section 115VP (of Income Tax Act, 1961) for exercising an option for the tonnage tax scheme or under sub-section (1) of section 115VR (of Income Tax Act, 1961) for renewing the option for the tonnage tax scheme, as the case may be, shall be made in Form No. 65 and shall be verified in the manner provided therein.