Quick Summary
In a major relief for Sovereign Wealth Funds (SWFs) and Pension Funds (PFs), the Ministry of Finance has extended the deadline for availing income-tax exemptions under Section 10(23FE) of the Income-tax Act, 1961. According to CBDT Notification No. 113/2025 issued on July 11, 2025, the new cut-off date for investments qualifying for exemption has been extended from March 31, 2025, to March 31, 2030. This amendment, notified under S.O. 3167(E), modifies the earlier Notification No. 93/2024 dated
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FAQ :
The new deadline for investments qualifying for tax exemption under Section 10(23FE) has been extended to March 31, 2030.
The relevant section is Section 10(23FE) of the Income-tax Act, 1961.
The extension aims to encourage long-term infrastructure investments in India and boost foreign capital inflows into priority sectors.
The amendment is effective retrospectively from April 1, 2025.
The exemption covers income in the nature of dividend, interest, or long-term capital gains arising from investments made by specified funds in India.
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