VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA - Finance Act, 2025
VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA - Finance Act, 2025
Amendment to section 115VZA extends ship-related tax language to include inland vessels effective next fiscal year. With effect from 1 April 2026, sub section (2) of section 115VZA of the Income tax Act is amended to insert the words "or inland vessel, as the case may ... Summary
Amendment to section 115VZA extends ship-related tax language to include inland vessels effective next fiscal year.
With effect from 1 April 2026, sub section (2) of section 115VZA of the Income tax Act is amended to insert the words "or inland vessel, as the case may be," after both the phrases "a ship" and "such ship," thereby extending the provision's operative references to inland vessels alongside ships.
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