The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 77/2025-Income Tax dated 11th July 2025 to amend its earlier notification (No. 35/2021) under Section 10(23FE) of the Income-tax Act, 1961. The amendment extends the eligibility period for certain income tax exemptions granted to specified sovereign wealth funds, pension funds, and other notified entities. Specifically, the date “31st March, 2025” in the original notification is now substituted with “31st March, 2030”, thereby extending the exemption period by five years. This extension applies prospectively from 1st April 2025 and does not affect any actions taken or omitted before the issuance of this notification. The principal notification was first issued on 22nd April 2021 and has been previously amended on 10th May 2021 and 18th July 2024. The current amendment aims to provide extended tax relief to eligible entities making investments in India, aligning with the government’s policy objective to attract long-term foreign capital for infrastructure and other specified sectors.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 77/2025 – Income Tax | Dated: 11th July, 2025
S.O. 3131(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. 35/2021/F.No. 370142/38/2020-TPL) number S.O. 1673(E), dated the 22nd April, 2021, 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. 77/2025/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. 1673(E), dated the 22nd April, 2021 and subsequently amended vide notification number S.O. 1841(E), dated the 10th May, 2021 and S.O. 2833(E), dated the 18th July, 2024.
