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The Central Board of Direct Taxes (CBDT) has issued the Income-tax (Twenty-Fifth Amendment) Rules, 2025, through a notification dated September 1, 2025, published in the Gazette of India. The amendment, made under the powers conferred by Section 295 of the Income-tax Act, 1961, relates to clause (23
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FAQ :
The CBDT has extended the tax exemption period for certain notified funds, such as sovereign wealth funds and pension funds, by six years under Section 10(23FE).
References to financial years 2024-25 have been changed to 2030-31, and 2025-26 have been changed to 2031-32. The year 2024 in explanation clauses has been replaced with 2030.
The extension aims to provide long-term certainty to eligible entities and encourage greater foreign investment in India's infrastructure and priority sectors.
Notified funds such as sovereign wealth funds and pension funds are eligible for the tax exemption benefits under Section 10(23FE).
The amendment is made under Section 295 of the Income-tax Act, 1961, and relates to clause (23FE) of Section 10.
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