On 11th July 2025, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued Notification No. 91/2025-Income Tax to amend the earlier Notification No. 66/2021 dated 13th May 2021. This amendment pertains to Section 10(23FE) of the Income-tax Act, 1961, which provides tax exemptions to specified entities such as sovereign wealth funds and pension funds investing in eligible infrastructure sectors in India. The key change introduced is the extension of the deadline for availing this exemption benefit from “31st March, 2025” to “31st March, 2030.” The revised date applies prospectively from 1st April 2025 and does not impact any transactions or omissions made prior to the publication of this notification. The original notification was previously amended on 18th July 2024. This extension offers a longer window for qualified entities to invest in approved sectors under the tax exemption framework and aligns with ongoing policy efforts to attract long-term foreign investments in critical areas of development.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 91/2025 – Income Tax | Dated: 11th July, 2025
S.O. 3145(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. 66/2021/ F. No. 370142/13/2021-TPL) number S.O. 1856(E), dated the 13th May, 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. 91/2025/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. 1856(E), dated the 13th May, 2021 and subsequently amended vide notification number S.O.2847(E), dated the 18th July, 2024.
