https://www.taxtmi.com/acts?id=48454 The amendment expands the tonnage tax reserve transfer provisions by inserting "or new inland vessel, as the case may be" wherever "new ship" appears in the section, substitutes parallel wording in the clause governing transfer mechanics, and revises the Explanation to define "new ship or new inland vessel"; these changes take effect from 1st April, 2026 and apply to the subsequent assessment year and thereafter. en-us Sat, 01 Feb 2025 14:38:19 +0530 Sat, 01 Feb 2025 14:38:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48454 The amendment expands the tonnage tax reserve transfer provisions by inserting "or new inland vessel, as the case may be" wherever "new ship" appears in the section, substitutes parallel wording in the clause governing transfer mechanics, and revises the Explanation to define "new ship or new inland vessel"; these changes take effect from 1st April, 2026 and apply to the subsequent assessment year and thereafter. Act-Rules Bills Sat, 01 Feb 2025 14:38:19 +0530 https://www.taxtmi.com/acts?id=48454