Seagoing ship certification determines whether a vessel falls within the statutory definition under the income-tax framework. A seagoing ship is a ship certified as seagoing by the competent authority of any country. This definition applies under both the Income-tax Act, 2025 and ... Summary
Seagoing ship certification determines whether a vessel falls within the statutory definition under the income-tax framework.
A seagoing ship is a ship certified as seagoing by the competent authority of any country. This definition applies under both the Income-tax Act, 2025 and the Income-tax Act, 1961. Certification by a competent authority is the determinative requirement for classification as a seagoing ship for the relevant income-tax purposes.
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