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The Finance Act, 2025

Amendment of section 115V-I

In force Act 7 of 2025 As on 09 Oct 2026

Act 7 of 2025 Ministry Finance Enacted 16 Aug 2025 Cited by 3 provisions

Section 31 of the Finance Act, 2025 deals with amendment of section 115V-I. Amendment of section 115V-I. 31. In section 115V-I of the Income-tax Act, with effect from the 1st April, 2026,— (a) | in sub-section (2), in clause (ii),— (i) | for the words "other ship-related activities", the words "other ship-related or inland vessel related activities, as the case may be," sha The Act was enacted on 16 Aug 2025.

Amendment of section 115V-I.

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

(a)in sub-section (2), in clause (ii),—
(i)for the words "other ship-related activities", the words "other ship-related or inland vessel related activities, as the case may be," shall be substituted;
(ii)in sub-clause (A), in the Explanation, in clause (a), after the words "more ships", the words "or inland vessels, as the case may be," shall be inserted;
(b)in sub-section (6), after the words "any ship", the words "or inland vessel, as the case may be," shall be inserted.
Section 31, 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.

Referred to by 3

  1. s. 104 Amendment of section 31
  2. s. 143 Amendment of section 31
  3. s. First Schedule First Schedule

Questions about Section 31

What does Section 31 of the Finance Act deal with?

Section 31 of the Finance Act is headed "Amendment of section 115V-I". Amendment of section 115V-I. 31. In section 115V-I of the Income-tax Act, with effect from the 1st April, 2026,— (a) | in sub-section (2), in clause (ii),— (i) | for the words "other ship-related activities", the words "other ship-related or inland vessel related activities, as the case may be," sha

How do I find court cases under Section 31 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 31, section 31 Finance Act 2025, section 31 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 31 of the Finance Act, and has it changed?

3 other provisions in this corpus refer back to it.

When was Section 31 of the Finance Act enacted?

Section 31 of the Finance Act, cited as Finance Act 2025 31, 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.