CBDT Extends Income Tax Exemptions for Sovereign Wealth and Pension Funds to March 2025

CBDT Extends Income Tax Exemptions for Sovereign Wealth and Pension Funds to March 2025

On July 18, 2024, the Central Board of Direct Taxes (CBDT) released Notifications No. 54 to 65/2024, amending earlier notifications under Section 10(23FE) of the Income Tax Act, 1961. These amendments extend the applicability date from March 31, 2024, to March 31, 2025, for various sovereign wealth funds and pension funds.

Summary of Key Amendments:

The full text of the notifications can be accessed here: CBDT Notifications

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