Amendment of section 44B.

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..... han cruise shipping in case of non-residents ; (b) in sub-section (1), after the words business of operation of ships, , the words, figures and letters other than cruise ships referred to in section 44BBC, shall be inserted. - Clause 16 of the Bill seeks to amend section 44B of the Income-tax Act relating to special provision for computing profits and gains of shipping business in the case of non- .....

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..... the said sub-section to exclude the application of cruise ships referred to in section 44BBC from the said section. These amendments will take effect from 1st April, 2025 and will, accordingly, apply in relation to the assessment year 2025-2026 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagemen .....

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