Amendment to Investment Deadline for Section 10(23FE) Tax Exemption · S.O. 2844(E)
CBDT notification S.O. 2844(E) · 18 Jul 2024
Official title
notification no. 68/2024 f.no. 500/misc./s10 23fe /ft tr ii / so 2844 e
Official record
Open source pageSummary
Check the official recordWhat changed
The Central Government extends the deadline for investments by specified funds to qualify for tax exemption under section 10(23FE) of the Income-tax Act, 1961. The government replaces the date 31st March 2024 with 31st March 2025 in the principal notification. This amendment applies to investments made by eligible entities. The change takes effect from 1st April 2024. The notification protects actions done or omitted between 1st April 2024 and the date of publication in the Official Gazette.
What you must do
- Eligible entities must complete investments by 31st March 2025 to qualify for the tax exemption.
Key dates
- Effective from
- 01 Apr 2024
- Commencement date of the amendment
- 01 Apr 2024
Document text
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ं
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th July, 2024
S.O. 2844(E).–– In exercise of the powers conferred by sub-clause (vi) of clause (b) 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 amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) number S.O. 1853(E), dated the 13th May, 2021 (Notification No. 63/2021/F.No. 370142/37/2020-TPL) published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), except as respects things done or omitted to have been done on and from the 1st day of April, 2024 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, 2024”, the figures, letters and words “31st day of March, 2025” shall be substituted.
[Notification No. 68/2024/F.No. 500/Misc./S10(23FE)/FT&TR-II]
APOORV TIWARI, 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. 1853(E), dated the 13th May, 2021.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
Source details
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 18 Jul 2024
- Document number
- S.O. 2844(E)
- Issuing division
- Central Board of Direct Taxes
- Effective date
- 01 Apr 2024
- Coverage area
- direct-tax