Section 225 of Income Tax Act, 2025 : Income from business of operating qualifying ships

Irrespective of anything contained in sections 26 to 54, 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”