Income Tax Exemption Under Sec 10(23FE) Extended
The Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) issued Notification No. 112/2025 – Income Tax on July 11, 2025. This notification introduces a further amendment to a previous notification (S.O. 5472(E), dated December 27, 2023), which relates to sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961. The amendment modifies the expiry date specified in the original notification. Previously set as March 31, 2025, the new notification revises this date to March 31, 2030. This change is applicable retrospectively from April 1, 2025, up to the publication date of this notification in the Official Gazette, encompassing any actions or omissions during this period.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 112/2025 – Income Tax | Dated: 11th July, 2025
S.O. 3166(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) [Notification No. 106/2023/F.No. 500/PF13/S10(23FE)/FT&TR-II] number S.O. 5472(E), dated the 27th December, 2023 published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), except as respects things done or omitted to be done on and from the 1st April, 2025 till the date of publication of this notification in the Official Gazette, namely:––
In the said notification, in the opening paragraph, for the figures, letters and words “31st day of March, 2025”, the figures, letters and words “31st day of March, 2030” shall be substituted.
[No. 112/2025/F. No. 500/Misc./S10(23FE)/FT&TR-II]
BAHNI TELENGA, Under Secy.
Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) vide number S.O. 5472(E), dated the 27th December, 2023 and subsequently amended vide notification number S.O. 2867(E), dated the 18th July, 2024.
