eCourtsIndia
IndiaCode Laws
Section27
The Finance Act, 2025

Amendment of section 115V

In force Act 7 of 2025 As on 09 Oct 2026

Act 7 of 2025 Ministry Finance Enacted 16 Aug 2025 Cited by 2 provisions

Section 27 of the Finance Act, 2025 deals with amendment of section 115V. Amendment of section 115V. 27. In section 115V of the Income-tax Act, with effect from the 1st April, 2026,— (i) | in clauses (a), (b), (f) and (h), for the word "ship", the words "ship or inland vessel, as the case may be," shall be substituted; The Act was enacted on 16 Aug 2025.

Amendment of section 115V.

27. In section 115V of the Income-tax Act, with effect from the 1st April, 2026,—

(i)in clauses (a), (b), (f) and (h), for the word "ship", the words "ship or inland vessel, as the case may be," shall be substituted;
(ii)after clause (e), the following clause shall be inserted, namely:—
'(ea) "inland vessel" shall have the same meaning as assigned to it in clause (q) of section 3 of the Inland Vessels Act, 2021 (24 of 2021);'.
Section 27, The Finance Act, 2025 (Act 7 of 2025).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 115V Definitions
  2. Inland Vessels Act s. 3 Definitions

Referred to by 2

  1. s. 93 Insertion of new section 18A
  2. s. 94 Amendment of section 27

Questions about Section 27

What does Section 27 of the Finance Act deal with?

Section 27 of the Finance Act is headed "Amendment of section 115V". Amendment of section 115V. 27. In section 115V of the Income-tax Act, with effect from the 1st April, 2026,— (i) | in clauses (a), (b), (f) and (h), for the word "ship", the words "ship or inland vessel, as the case may be," shall be substituted;

How do I find court cases under Section 27 of the Finance Act?

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 2025 27, section 27 Finance Act 2025, section 27 of the Finance Act. 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 27 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 115V (Definitions), Inland Vessels Act 3 (Definitions), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 27 of the Finance Act enacted?

Section 27 of the Finance Act, cited as Finance Act 2025 27, was enacted on 16 Aug 2025 as Act 7 of 2025. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.