Note.- The principal rules were published vide Notification No.S.O.969(E), dated the 26 th March, 1962 and last amended by Income-tax (Tenth Amendment) Rules, 2004 vide Notification S.O. No.980 (E) dated 2nd September, 2004.
Application for *exercising/renewing option for the tonnage tax scheme under *sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-tax Act, 1961.
…………………………Sir,I, on behalf of ………………………………………………………….(Name of the Company), hereby apply for *exercising /renewing the option for the tonnage tax scheme in accordance with the provisions of *sub-section
enclosed as per Annexure to this Form.Verification**
I, ………………………………………….. (full name in block letters), do hereby declare that what is stated in this application and the Annexure hereto is true to the best of my information and belief. I further confirm that :
Name and Signature
Place: ………..
Date : ………
Note:
1. This application should be filed with the Joint Commissioner of Income-tax having jurisdiction over the applicant company.
2. All the columns in the application must be filled in. Part A and Part B (if applicable) of the Annexure must be filled in, failing which the application shall be treated as incomplete.
3. * Strike out whichever is not applicable.
4. ** Before signing the verification every person should satisfy himself that the application, the accompanying statements and documents are, to the best of his knowledge and belief, correct and complete in all respects. Any person making any false statement shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961.
5. The application shall be signed and verified on behalf of the company by the managing director of the company, or where for any unavoidable reason such managing director is not able to sign and verify this Form, or where there is no managing director, by any director:
Provided that:
(a) where the company is being wound up, whether under the orders of a court or otherwise, or where any person has been appointed as the receiver of any assets of the company, the statement shall be signed and verified by the liquidator referred to in sub-section (1) of section 178 of the Income-tax Act; (b) where the management of the company has been taken over by the Central Government or any State Government under any law, the statement of the company shall be signed and verified by the principal officer thereof.
tatement of particulars to be furnished for *exercising/renewing option for tonnage tax scheme
4. Address (es) of branch office (es)
5. Date of incorporation (enclose a copy of the certificate of incorporation)
6. Date on which the company became a qualifying company [to be given only in case of a company which becomes a qualifying company after the initial period] (enclose evidence in support of the claim)
(i) Owned ships
Date of commencement of charter Period of Charter Reference No. of DG(Shipping) approval Whether qualifying or not
Reference No. of DG(shipping) approval Whether qualifying or not
8. Name(s) and address(es) of directors of the
applicant company
1. Date(s) of exercising earlier option(s) alongwith date(s) of
order approving the option [enclose a copy of the order(s)].
company at any time during earlier option(s)
the provisions of section 115VT or section 115VU
or section 115VV (if yes, give details)
scheme under section 115VZC (if yes, give details)
tonnage tax scheme (if yes, give details)
company with a company, which was a qualifying
company on 1st October, 2004 and had not
exercised the option within the initial period.
Place :
Date :
1. * Strike out whichever is not applicable.
2. ** This Annexure has to be signed by the person competent to sign the application.
3. “Initial period” means the period after the 30th day of September, 2004 but before the 1st day of January, 2005.
4. Part-A is to be filled up both in case of exercising the option and while renewing the option. However, Part-B is to be filled up only in cases where an application is being filed for renewing the option.
5. In respect of each of the ships, details of which are being given in item 7, a copy of the following certificates, as may be relevant, in case of each qualifying ship should be enclosed:(i) Certificate of registration under the Merchant Shipping Act, 1958 and certificate under Merchant Shipping (Tonnage Measurement of Ship) Rules, 1987 made under the Merchant Shipping Act, 1958;
(ii) Certificate of registration under the Merchant Shipping Act, 1958 and international tonnage certificate issued under the provisions of the Convention on Tonnage
Measurement of Ships, 1969 as specified in the Merchant Shipping (Tonnage Measurement of Ship) Rules, 1987 made under the Merchant Shipping Act, 1958;
(iii) Permission obtained from the Director-General of Shipping to charter in a ship in case of ships registered outside India.’.
