Finance Acts
Section - 27 - Amendment of section 115V
Amendment of section 115V.27. In section 115V of the Income-tax Act, with effect from the 1st April, 2026,-
| (i) | - | in clauses (a), (b), (f) and (h), for the word "ship", the words "ship or inland vessel, as the case may be," shall be substituted; |
| (ii) | - | after clause (e), the following clause shall be inserted, namely:- |
| - | '(ea) "inland vessel" shall have the same meaning as assigned to it in clause (q) of section 3 of the Inland Vessels Act, 2021 (24 of 2021);'. |
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