Section - 10(4F) (of Income Tax Act, 1961), Income-tax Act

Any income of a non-resident by way of royalty or interest , on account of lease of an aircraft 64[or a ship] in a previous year, paid by a unit of an International Financial Services Centre as referred to in sub-section (1A) of section 80LA (of Income Tax Act, 1961), if the unit has commenced its operations on or before the 31st day of March, 2024.

Explanation.—For the purposes of this clause, "aircraft" means an aircraft or a helicopter, or an engine of an aircraft or a helicopter, or any part thereof;

Following Explanation shall be substituted for the existing Explanation to clause (4F) of section 10 (of Income Tax Act, 1961) by the Finance Act, 2022, w.e.f. 1-4-2023:

Explanation.—For the purposes of this clause,—

(i) "aircraft" means an aircraft or a helicopter, or an engine of an aircraft or a helicopter, or any part thereof;

(ii) "ship" means a ship or an ocean vessel, engine of a ship or ocean vessel, or any part thereof;