Shreeji Shipping Global Limited Receives Approval under Tonnage Tax Scheme from Income Tax Department
Shreeji Shipping Global Limited (NSE: SHREEJISPG, BSE: 544490) has announced that it has received approval from the Income Tax Department for opting into the Tonnage Tax Scheme ("TTS") under Section 115VP(1) of Chapter XII-G of the Income-tax Act, 1961, in respect of its eligible qualifying inland vessels engaged in the shipping business. The approval is effective from Financial Year 2025-26 (Assessment Year 2026-27) and will remain valid up to Financial Year 2034-35 or any other applicable date as per law, whichever is earlier, subject to compliance with the applicable provisions of the Income-tax Act, 1961 and the rules framed thereunder. The Company has described the approval as a significant milestone that reinforces its position in the inland shipping sector. It believes the Tonnage Tax Scheme framework is expected to provide enhanced long-term tax visibility and improved tax efficiency for its eligible shipping operations, which will have a positive impact on its profit...
