Section 225: Income from business of operating qualifying ships

The Income-tax Act, 2025Central Act · Act 30 of 2025

G.—Special provisions relating to income of shipping companies

Income from business of operating qualifying ships.

Irrespective of anything contained in sections 26 to 54 (except 50 and 53), in the case of a company, the income from the business of operating qualifying ships—

(a) may, at its option, be computed as per provisions of this Part; and

(b) such income shall be deemed to be the profits and gains of such business chargeable to tax under the head "Profits and gains of business or profession".

Where this provision sits

Act	The Income-tax Act, 2025
Section	225
Marginal note	Income from business of operating qualifying ships
Jurisdiction	Central
Status	In force as published by the source

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