Section 16 – Finance Acts

Amendment of section 44B

In section 44B of the Income-tax Act, with effect from the 1st day of April, 2025,—

(a) for the marginal heading, the following marginal heading shall be substituted, namely:—
  “Special provision for computing profits and gains of shipping business other than cruise shipping in case of non-residents.”;
(b) in sub-section (1), after the words “business of operation of ships,”, the words, figures and letters “other than cruise ships referred to in section 44BBC,” shall be inserted.