This Ministry of Finance notification, issued by the Central Board of Direct Taxes on July 11, 2025, amends a previous income tax notification dated September 16, 2021. The amendment, made under the authority of sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961, specifically alters a key date. The phrase “31st day of March, 2025” in the original notification has been replaced with “31st day of March, 2030.” This modification extends the period for certain income tax exemptions, as defined by the relevant section of the Income-tax Act. The change is effective retroactively from April 1, 2025.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 94/2025 – Income Tax | Dated: 11th July, 2025
S.O. 3148(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. 111/2021/ F. No. 370142/40/2021-TPL] number S.O. 3800(E), dated the 16th September, 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. 94/2025/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. 3800(E), dated the 16th September, 2021 and subsequently amended vide notification number S.O. 2850(E), dated the 18th July, 2024.
