Section-225 : Income from the business of operating qualifying ships

Learn to understand the section-225 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-225 as per act

Irrespective of anything contained in sections 26 to 54, in the case of a company, the income from the business of operating qualifying ships––

may, at its option, be computed as per provisions of this Part; and
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”

2. Help and useful links for Section-225

How to get help from EZTax.in

Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.