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Finance Acts

Section - 36 - Amendment of section 115VX

Amendment of section 115VX.

36. In section 115VX of the Income-tax Act, in sub-section (1), with effect from the 1st April, 2026,-

(i)- in clause (a), after the words "a ship", the words "or inland vessel, as the case may be," shall be inserted;
(ii)- in clause (b), after sub-clause (ii), the following sub-clause shall be inserted, namely:-
-"(iii) in case of inland vessel registered in India, a certificate issued under the Inland Vessels Act, 2021 (24 of 2021).".
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