The lock in period under the scheme of presumptive taxation based on the tonnage of the ship, in case of Shipping Company, under the provisions of Sections 115 to 115VZC is:
A. 5 years
B. 7 years
C. 10 years
D. 3 years
Answer:C
The lock in period under the scheme of presumptive taxation based on the tonnage of the ship, in case of Shipping Company, under the provisions of Sections 115 to 115VZC is:
A. 5 years B. 7 years C. 10 years D. 3 years