Amendment of section 115VB.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ybe," shall be inserted; (c) in the proviso, after the words "a ship", the words "or inland vessel, as the case may be," shall be inserted. - Clause 27 of the Bill seeks to amend section 115VB of the Income-tax Act relating to operating ships. The said section provides that a company shall be regarded as operating a ship if it operates any ship whether owned or chartered by it and includes a....