{"act":{"id":"finance-act-2025","short_title":"The Finance Act, 2025","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026.","act_number":"7","act_year":2025,"enact_date":"2025-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":153,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2025/"},"unit":"section","section":{"number":"28","heading":"Amendment of section 115VB","text":"Amendment of section 115VB. 28.  In section 115VB of the Income-tax Act, with effect from the 1st April, 2026,— (a) | after the words \"any ship\", the words \"or inland vessel, as the case may be,\" shall be inserted; (b) | after the words \"the ship\", the words \"or inland vessel, as the case may be,\" 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.","html":"<p><b>Amendment of section 115VB.</b></p><p><b>28. </b> In section 115VB of the Income-tax Act, with effect from the 1st April, 2026,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>after the words \"any ship\", the words \"or inland vessel, as the case may be,\" shall be inserted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after the words \"the ship\", the words \"or inland vessel, as the case may be,\" shall be inserted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in the proviso, after the words \"a ship\", the words \"or inland vessel, as the case may be,\" shall be inserted.</td></tr></table></div>","words":82,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/28/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}