Form 65, Download Income Tax Form 65 in PDF Format
Form No. 65 for Application For Exercising/Renewing Option For The Tonnage Tax. Form No. 65 is relevant only for shipping companies which opt for ‘Tonnage Tax Scheme’ prescribed in Chapter XII-G which came into force with effect from the assessment year 2005-06.
A qualifying company may opt for the tonnage tax scheme by making an application to the Joint Commissioner having jurisdiction over the company in the form and manner as may be prescribed, for such scheme.
The application under sub-section (1) may be made by any existing qualifying company at any time after the 30th day of September, 2004 but before the 1st day of January, 2005 (hereafter referred to as the “initial period”):
Provided that—
(i) a company incorporated after the initial period; or
(ii) a qualifying company incorporated before the initial period but which becomes a qualifying company for the first time after the initial period,
may make an application within three months of the date of its incorporation or the date on which it became a qualifying company, as the case may be.
(3) On receipt of an application for option for tonnage tax scheme under sub-section (1), the Joint Commissioner may call for such information or documents from the company as he thinks necessary in order to satisfy himself about the eligibility of the company and after satisfying himself about such eligibility of the company to make such option for tonnage tax scheme, he—
(i) shall pass an order in writing approving the option for tonnage tax scheme; or
(ii) shall, if he is not so satisfied, pass an order in writing refusing to approve the option for tonnage tax scheme,
and a copy of such order shall be sent to the applicant:
FORM NO. 65
[See rule 11P]
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
To,
The Joint Commissioner,
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 (1) of section 115VP or sub-section (1) of section 115VR of the Income-tax Act, 1961 with effect from the assessment year
2. A statement of particulars for the purpose of *exercising/renewing the option is 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:
(1)
[Name of the company] is an Indian company within the meaning of clause (26) of section 2 of the Income-tax Act, 1961.
(2) The place of effective management of the company within the meaning of section 115VC of the Income-tax Act, 1961 is in India.
(3) The company owns
qualifying ship(s).
(4) The main object of the company is operation of ships. Copy of Memorandum of Association of the company is enclosed.
2. I further declare that I am making this application in my capacity as
and I am also competent to make this application and verify it.
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Place : |
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Date : |
Name and Signature |
ANNEXURE
Statement of particulars to be furnished for exercising/
renewing option for tonnage tax scheme
PART A
| 1. |
Name of the company in full (in block letters) |
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| 2. |
Permanent Account Number |
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| 3. |
Address of the Registered Office |
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| 4. |
Address(es) of branch office(es) |
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| 5. |
Date of incorporation (enclose a copy of the certificate of incorporation) |
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| 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) |
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| 7. |
Details of ships owned or chartered by the company |
(i) Owned ships
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Sl. No. |
Name of the ship |
Net tonnage |
Flag |
Type of ship |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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(ii) Ships chartered in on bareboat charter-cum-demise terms
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Sl. No. |
Name of the ship |
Net tonnage |
Flag |
Type of ship |
Date of commencement of charter |
Period of charter |
Reference No. of DG (Shipping) approval |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
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(iii) Ships chartered in on bareboat charter terms for more than three years
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Sl. No. |
Name of the ship |
Net tonnage |
Flag |
Type of ship |
Date of commencement of charter |
Period of charter |
Reference No. of DG (Shipping) approval |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
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(iv) Ships chartered in on bareboat charter terms for less than three years
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Sl. No. |
Name of the ship |
Net tonnage |
Flag |
Type of ship |
Date of commencement of charter |
Period of charter |
Reference No. of DG (Shipping) approval |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
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(v) Ships chartered out on bareboat charter-cum-demise terms
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Sl. No. |
Name of ship |
Net tonnage |
Date of commencement of charter |
Period of charter |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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(vi) Ships chartered out on bareboat charter terms for more than three years
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Sl. No. |
Name of ship |
Net tonnage |
Date of commencement of charter |
Period of charter |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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(vii) Ships chartered out on bareboat charter terms for less than three years
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Sl. No. |
Name of ship |
Net tonnage |
Date of commencement of charter |
Period of charter |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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(viii) Other ships chartered in [other than those referred to at (ii), (iii) and (iv) above]
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Sl. No. |
Name of the ship |
Net tonnage |
Flag |
Type of ship |
Date of commencement of charter |
Period of charter |
Reference No. of DG (Shipping) approval |
Whether qualifying or not |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
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8. Name(s) and address (es) of directors of the applicant company. |
PART B
(Statement of particulars to be furnished only in case of
renewing of option for tonnage tax scheme)
| 1. |
Date(s) of exercising earlier option(s) along with date(s) of order approving the option [enclose a copy of the order(s)]. |
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| 2. |
Details regarding earlier options : |
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(i) Whether the company ceased to be a qualifying company at any time during earlier option(s). |
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(ii) Whether any default was made in complying with the provisions of section 115VT or section 115VU or section 115VV (if yes, give details). |
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(iii) Whether the company was excluded from the scheme under section 115VZC (if yes, give details). |
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(iv) Whether the company voluntarily opted out of the tonnage tax scheme (if yes, give details). |
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(v) Whether there was an amalgamation of the company with a company, which was a qualifying company on 1st October, 2004 and had not exercised the option within the initial period. |
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Place : |
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Date : |
Signed |
Form 63A, Download Income Tax Form 63A in PDF Format Form 60, Download Income Tax Form 60 in PDF Format