Notification of Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of the Income-tax Act, 1961

Last updated: 08 July 2020

Save Share

Quick Summary

This notification from the Ministry of Finance specifies the updated Harmonised Master List of Infrastructure Sub-Sectors relevant to Section 10(23FE) of the Income-Tax Act, 1961. Businesses operating within these specified sub-sectors may be eligible for benefits under the Act. The list is based on a previous notification from August 2018, with a clarification that businesses already covered by item (b) of the section are excluded. This new list comes into effect from April 1, 2021, and applies to assessment year 2021-22 and onwards.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6 th July, 2020 INCOME TAX S.O. 2227E).In exercise of the powers conferred by item (b) of sub-clause (iii) of clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies business, for the purposes of said item (b), to be the business which is engaged in the infrastructure sub-sectors mentioned in Updated Harmonised Master

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Notice & Circular Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience.

FAQ :

This notification specifies the Harmonised Master List of Infrastructure Sub-Sectors for the purposes of section 10(23FE) of the Income-tax Act, 1961.

This notification comes into force from the 1st day of April, 2021.

This notification is applicable for assessment year 2021-22 and subsequent assessment years.

The specified sub-sectors are based on the Updated Harmonised Master List of Infrastructure Sub-Sectors published in the Gazette of India on 13th August, 2018.

No, the reference to the infrastructure sub-sectors shall not include businesses already provided for in item (b) of the said section 10(23FE).