Amendment of section 44B
Section 16 of the Finance Act, 2024 (No. 2) deals with amendment of section 44B. Amendment of section 44B. 16. 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 sh The Act was enacted on 16 Aug 2024.
Amendment of section 44B.
16. In section 44B of the Income-tax Act, with effect from the 1st day of April, 2025,—
Section 16, The Finance Act, 2024 (No. 2).
(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.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 16
What does Section 16 of the Finance Act, 2024 (No. 2) deal with?
Section 16 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 44B". Amendment of section 44B. 16. 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 sh
How do I find court cases under Section 16 of the Finance Act, 2024 (No. 2)?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act, 2024 (No. 2) 16, section 16 Finance Act, 2024 (No. 2), section 16 of the Finance Act, 2024 (No. 2). Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 16 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on Income-tax Act 44B (Special provision for computing profits and gains of shipping business other than cruise shipping in case of non-residents), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 16 of the Finance Act, 2024 (No. 2) enacted?
Section 16 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 16, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -10716 words
- 2. Income-tax9063 words
- 49. Substitution of new Chapter for Chapter XIV-B4593 words
- Fourth Schedule. -1864 words
- 138. Insertion of section 74A1329 words
- 89. Definitions889 words
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