VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIAFinance Act, 2025
VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIAFinance Act, 2025
Definition change: 'inland vessel' incorporated into tax provision, linked to Inland Vessels Act effective next fiscal year. Amendment expands the income-tax provision by replacing the term "ship" with "ship or inland vessel, as the case may be" in specified clauses of section ... Summary
Definition change: 'inland vessel' incorporated into tax provision, linked to Inland Vessels Act effective next fiscal year.
Amendment expands the income-tax provision by replacing the term "ship" with "ship or inland vessel, as the case may be" in specified clauses of section 115V effective 1 April 2026, and inserts a clause defining "inland vessel" by reference to clause (q) of section 3 of the Inland Vessels Act, 2021, thereby aligning the tax provision's scope with the statutory definition in the inland-vessel regime.
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