{"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":"29","heading":"Amendment of section 115VD","text":"Amendment of section 115VD. 29.  In section 115VD of the Income-tax Act, with effect from the 1st April, 2026,— (i) | after the words \"Chapter, a ship\", the words \"or inland vessel, as the case may be,\" shall be inserted; (ii) | in clause (a), after the words \"or vessel\", the words \", or inland vessel, as the case may be,\" shall be inserted; (iii) | in clause (b), after the words and figures \"section 407 of the Merchant Shipping Act, 1958 (44 of 1958)\", the words and figures \"or an inland vessel registered under the Inland Vessels Act, 2021 (24 of 2021), as the case may be,\" shall be inserted; (iv) | in clause (c), after the words \"such ship\", the words \"or inland vessel, as the case may be,\" shall be inserted; (v) | after the long line, in clause (i), after the words \"or vessel\", the words \"or inland vessel, as the case may be,\" shall be inserted.","html":"<p><b>Amendment of section 115VD.</b></p><p><b>29. </b> In section 115VD of the Income-tax Act, with effect from the 1st April, 2026,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after the words \"Chapter, a ship\", the words \"or inland vessel, as the case may be,\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>a</i>), after the words \"or vessel\", the words \", or inland vessel, as the case may be,\" shall be inserted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in clause (<i>b</i>), after the words and figures \"section 407 of the Merchant Shipping Act, 1958 (44 of 1958)\", the words and figures \"or an inland vessel registered under the Inland Vessels Act, 2021 (24 of 2021), as the case may be,\" shall be inserted;</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>in clause (<i>c</i>), after the words \"such ship\", the words \"or inland vessel, as the case may be,\" shall be inserted;</td></tr><tr><td>(<i>v</i>)</td><td></td><td>after the long line, in clause (<i>i</i>), after the words \"or vessel\", the words \"or inland vessel, as the case may be,\" shall be inserted.</td></tr></table></div>","words":161,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/29/","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."}