TDS Exemption for Ship Lease Rent to IFSC Units
The Central Board of Direct Taxes (CBDT) has issued Notification No. 75/2026, which addresses the non-deduction of Tax Deducted at Source (TDS) on lease rent paid for ships. This exemption applies specifically to payments made to units located in International Financial Services Centres (IFSC) under Section 147 of the Income-tax Act, 2025.
Original Link: https://www.incometax.gov.in/iec/foportal/sites/default/files/2026-07/EnNotification-no-75-2026.pdf
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