# The Finance Act, 2025, Section 29: Amendment of section 115VD

- Act: The Finance Act, 2025 (Act 7 of 2025)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2025/section/29/

## 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.

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