Deduction under section 80LA now extends to ships alongside aircraft, expanding eligible assets for tax benefits. Amendment inserts "or a ship" after the words "being an aircraft" in clause (d) of sub section (2) of section 80LA and substitutes the Explanation so that ... Summary
Deduction under section 80LA now extends to ships alongside aircraft, expanding eligible assets for tax benefits.
Amendment inserts "or a ship" after the words "being an aircraft" in clause (d) of sub section (2) of section 80LA and substitutes the Explanation so that "aircraft" and "ship" shall be included, with effect from the first day of April, 2023.
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