Income-tax (First Amendment) Rules, 2025 - 09/2025 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 09/2025 New Delhi, the 21st January, 2025 INCOME-TAX G.S.R. 67(E). In exercise of the powers conferred by section 295 read with the sub-section (1) of section 44BBC of the Income-tax Act, 1961 (43 of 1961) , the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely:___ 1. (1) These rules may be called the Income-tax (First Amendment) Rules, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , after rule 6GA , the following shall be inserted, namely: CCCB.- Special provisions for computing profits and gains of business of operation of cruise ships in case of non-residents. 6GB. Conditions for non-resident, engaged in the business of operation of cruise ships for section 44BBC. For the purposes of section 44BBC, an assessee, being a non-resident, engaged in the business of operation of cruise ships shall, - (i) operate a passenger ship having a carrying capacity of more than two hundred passengers or length of seventy-five meters or more, for leisure and recreational purposes and having appropriate dining and cabin facilities for passengers; (ii) operate such ship on scheduled voyage or shore excursion touching at least two sea ports of India or same sea ports of India twice; (iii) operate such ship primarily for carrying passengers and not for carrying cargo; and (iv) operate such ship as per the procedure and guidelines if any, issued by the Ministry of Tourism or Ministry of Shipping. . [ F. No. 370142/18/2024-TPL] SOURABH JAIN, Under Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii) vide number S.O. 969(E), dated the 26th March, 1962 and were last amended vide notification number G.S.R. 739(E) dated the 29th November, 2024 .