N.K. Kurup
Mumbai , Jan. 1
NEARLY 25 companies, accounting for 85 per cent of the country's merchant ships, have opted to pay tonnage tax. As on December 31, the last day for filing applications, almost all major shipping companies hadsigned up for the new tax regime.
Going by the bumper profits reported by most shipping companies this year so far, they will be saving a large amount under the tax regime offered to the industry in the last Union Budget
......
Read more on The Hindu Business Line