Rule-11R (of Income Tax Rules, 1962), Incidental activities for purposes of relevant shipping income
Rule-11R (of Income Tax Rules, 1962), Incidental activities for purposes of relevant shipping income
Incidental activities for purposes of relevant shipping income.
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 (of Income Tax Act, 1961) 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.
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