https://www.taxtmi.com/acts?id=46822 Amendment extends section 80I to include the business of repairs to ocean-going vessels or other powered craft, inserting this activity into multiple subsections so that profits and gains from such repairs qualify for the section's incentives. Special eligibility conditions require the repair business not be formed by splitting/reconstruction or by transfer of used machinery, to be carried on by an Indian company, to commence within a specified window, and to be approved by the Central Government; the amendment also prescribes a shorter benefit period and adapts related commencement and operation provisos to the repair activity. en-us Tue, 31 Dec 2024 17:07:24 +0530 Tue, 31 Dec 2024 17:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46822 Amendment extends section 80I to include the business of repairs to ocean-going vessels or other powered craft, inserting this activity into multiple subsections so that profits and gains from such repairs qualify for the section's incentives. Special eligibility conditions require the repair business not be formed by splitting/reconstruction or by transfer of used machinery, to be carried on by an Indian company, to commence within a specified window, and to be approved by the Central Government; the amendment also prescribes a shorter benefit period and adapts related commencement and operation provisos to the repair activity. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:07:24 +0530 https://www.taxtmi.com/acts?id=46822