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The Central Board of Direct Taxes (CBDT) has issued Notification No. 70/2026 dated June 1, 2026, specifying certain infrastructure-related businesses as eligible businesses under the provisions of the Income-tax Act, 2025. The notification has been issued by the Ministry of Finance, Department of R
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The CBDT has notified certain infrastructure sub-sectors as eligible businesses under the Income Tax Act, 2025, broadening the scope of 'specified businesses'.
Eligible sub-sectors are those listed in the Updated Harmonised Master List of Infrastructure Sub-Sectors issued by the Department of Economic Affairs.
The notification comes into effect from June 1, 2026, the date of its publication in the Official Gazette.
The aim is to align tax provisions with the government's infrastructure development agenda and provide clarity to businesses, potentially encouraging more investment.
The list covers a wide range including transport, energy, water and sanitation, communication, social infrastructure, and other strategic sectors.
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