The Central Board of Direct Taxes (CBDT), through Notification No. 70/2026 dated 1 June 2026, has specified businesses engaged in infrastructure sub-sectors listed in the Updated Harmonised Master List of Infrastructure Sub-Sectors issued by the Department of Economic Affairs on 19 September 2025 as eligible businesses for the purposes of Schedule V [Table: Sl. No. 7] of the Income-tax Act, 2025. Exercising powers under Section 11(5) read with Note 5(d)(ii) of Schedule V, the Central Government clarified that the notification applies to infrastructure businesses other than those already covered under Note 5(d)(i). The notification broadens the scope of recognized infrastructure-related businesses under the Act, thereby providing clarity regarding eligible sectors. The notification came into force immediately upon its publication in the Official Gazette.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 70/2026-Income Tax | Dated: 1st June, 2026
S.O. 2768(E).— In exercise of the powers conferred by section 11(5) read with Note 5(d)(ii) of Schedule V [Table: Sl. No. 7] of the Income-tax Act, 2025 (30 of 2025), the Central Government hereby specifies the business (other than the business specified in Note 5(d)(i) of the said Schedule), which is engaged in the infrastructure sub-sectors mentioned in the Updated Harmonised Master List of Infrastructure sub-sectors, in the notification of the Government of India in the Ministry of Finance, Department of Economic Affairs number F.No.13/1/2025-IPP, dated the 19th September, 2025, published in Gazette of India, Extraordinary, Part I, Section 1, as a business for the purposes of Schedule V [Table: Sl. No. 7] of the said Act.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[No. 70/2026/F. No. 500/Misc./S10(23FE)/FT&TR-II]
SYAMA SAJI, Under Secy.
