Quick Summary
The Central Government has notified the Social Protection Fund (SPF), Oman as a "specified person" under the provisions of the Income-tax Act, 2025, enabling the fund to claim tax exemption benefits on eligible investments made in India until 31 March 2030, subject to prescribed conditions. The notification has been issued by the Central Board of Direct Taxes (CBDT) through Notification No. 84/2026, dated 15 July 2026, and published in the Official Gazette. What the Notification Provides Un
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FAQ :
The Social Protection Fund (SPF) of Oman is a fund that operates for administering assets and meeting statutory obligations related to retirement benefits, social security, and other welfare schemes.
The SPF has been notified as a 'specified person' under India's Income-tax Act, 2025, enabling it to claim tax exemption benefits on eligible investments made in India.
The tax exemption benefits are valid for eligible investments made in India from the date of notification (15 July 2026) up to 31 March 2030.
Key conditions include timely filing of income tax returns with a compliance certificate, quarterly reporting of investments, maintaining separate accounting for exempt income, continued regulation in Oman, operating exclusively for statutory obligations, and not using borrowings for Indian investments.
If the Social Protection Fund violates any of the prescribed conditions, it will become ineligible for the tax exemption benefits.
This notification is part of India's policy to encourage long-term foreign institutional investments from regulated pension and sovereign funds, facilitating investment inflows while ensuring compliance.
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