Amendment to income-tax provision expanding scope of chartered vessels to expressly include inland vessels for tax treatment. The amendment expressly expands the provision addressing chartered vessels to include inland vessels by substituting wording in the relevant sub section ... Summary
Amendment to income-tax provision expanding scope of chartered vessels to expressly include inland vessels for tax treatment.
The amendment expressly expands the provision addressing chartered vessels to include inland vessels by substituting wording in the relevant sub section and inserting corresponding language into the Explanation so that references to a ship also encompass an inland vessel.
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