Amendment to income-tax provision expands ship-related tax rules to include inland vessels and align registration references. Amendment expands section 115VD to insert "or inland vessel, as the case may be" after references to ships and vessels across its clauses and to add a ... Summary
Amendment to income-tax provision expands ship-related tax rules to include inland vessels and align registration references.
Amendment expands section 115VD to insert "or inland vessel, as the case may be" after references to ships and vessels across its clauses and to add a parallel reference to inland vessel registration under the inland vessels statute, thereby extending the provision's applicability and harmonizing terminology and registration linkage for inland vessels.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.