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Calculation of Net Tonnage factor for Financial Year 2010-11 (AY 2011-12)
Applicable to:
Tonnage Tax Companies with Space/Slot arrangements
Effective Date:
Financial Year 2010-11 (AY 2011-12)
Superseded Circulars:
None mentioned
Key Changes and Requirements
1. Net Tonnage Factor Calculation
The Net Tonnage Factor for Financial Year 2010-11 (AY 2011-12) has been calculated as 9321.
- Calculation: Aggregate Net Tonnage of qualifying ships divided by the total number of such ships at the end of the preceding financial year.
- Usage: To be used in conjunction with net tonnage of slot/space charters calculated under the CBDT notification dated 29.3.2005 to work out the minimum training requirement for such arrangements for the FY 2010-11.
II/4 Minimum Training Requirement
The minimum training requirement for space/slot arrangements can be calculated using the Net Tonnage Factor of 9321 and the net tonnage of slot/space charters.
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