https://www.taxtmi.com/acts?id=48452 The amendment to section 115VK(2) adds "or inland vessels, as the case may be" so that the written down value of the block of assets consisting of ships (now including inland vessels) is divided between qualifying and non-qualifying vessels in the ratio of their book written down values; the amendment takes effect from 1st April, 2026 and applies to the assessment year 2026-2027 and following years. en-us Sat, 01 Feb 2025 14:36:48 +0530 Sat, 01 Feb 2025 14:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48452 The amendment to section 115VK(2) adds "or inland vessels, as the case may be" so that the written down value of the block of assets consisting of ships (now including inland vessels) is divided between qualifying and non-qualifying vessels in the ratio of their book written down values; the amendment takes effect from 1st April, 2026 and applies to the assessment year 2026-2027 and following years. Act-Rules Bills Sat, 01 Feb 2025 14:36:48 +0530 https://www.taxtmi.com/acts?id=48452