Specified company definitions distinguish TDS and TCS entities from companies excluded under the cruise-ship tax election. "Specified company" for the identified TDS and TCS purposes under the Income-tax framework for 2025 is confined to a company falling within section 2(h) ... Summary
Specified company definitions distinguish TDS and TCS entities from companies excluded under the cruise-ship tax election.
"Specified company" for the identified TDS and TCS purposes under the Income-tax framework for 2025 is confined to a company falling within section 2(h) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002. For the relevant Schedule IV entry, it covers any company except a domestic company operating cruise ships in India that elects taxation under the prescribed cruise-ship tax provisions. The 1961 framework similarly adopts the same company definition.
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