# The Finance Act, 2025, Section 34: Amendment of section 115VT

- Act: The Finance Act, 2025 (Act 7 of 2025)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2025/section/34/

## Text

Amendment of section 115VT. 34.  In section 115VT of the Income-tax Act, with effect from the 1st April, 2026,— (i) | in sub-section (3), after the words "new ship" at both the places where they occur, the words "or new inland vessel, as the case may be" shall be inserted; (ii) | in sub-section (4), in clause (c), for the words, brackets, letter and figure "as specified in clause (a) of sub-section (3), but such ship", the words, brackets, letter and figure "or new inland vessel, as the case may be, as specified in clause (a) of sub-section (3), but such ship or inland vessel, as the case may be," shall be substituted; (iii) | in the Explanation, for the words 'section, "new ship" includes', the words 'section, "new ship or new inland vessel", as the case may be, includes' shall be substituted.

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