https://www.taxtmi.com/acts?id=48451 Amendment expands section 115V-I to include inland vessels within the tonnage tax regime: sub-section (2) is modified to cover ship-related or inland vessel-related core activities and the Explanation in sub-clause (A) is amended to reference inland vessels; sub-section (6) is altered so income from operating any non-qualifying ship or inland vessel is computed under other provisions of the Income-tax Act. The amendments take effect from 1 April 2026 and apply to the assessment year 2026-2027 and thereafter. en-us Sat, 01 Feb 2025 14:36:37 +0530 Sat, 01 Feb 2025 14:36:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48451 Amendment expands section 115V-I to include inland vessels within the tonnage tax regime: sub-section (2) is modified to cover ship-related or inland vessel-related core activities and the Explanation in sub-clause (A) is amended to reference inland vessels; sub-section (6) is altered so income from operating any non-qualifying ship or inland vessel is computed under other provisions of the Income-tax Act. The amendments take effect from 1 April 2026 and apply to the assessment year 2026-2027 and thereafter. Act-Rules Bills Sat, 01 Feb 2025 14:36:37 +0530 https://www.taxtmi.com/acts?id=48451