20 Jul 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:
- MIC Redwood 1 RSC Limited, Abu Dhabi, UAE
- Original Notification: No. 89/2020 (November 2, 2020)
- Amendment Notification: No. 54/2024
- New Date: March 31, 2025
- Norfund, Government of Norway
- Original Notification: No. 33/2021 (April 19, 2021)
- Amendment Notification: No. 55/2024
- New Date: March 31, 2025
- Canada Pension Plan Investment Board
- Original Notification: No. 34/2021 (April 22, 2021)
- Amendment Notification: No. 56/2024
- New Date: March 31, 2025
- Canada Pension Plan Investment Board Private Holdings (4) Inc
- Original Notification: No. 35/2021 (April 22, 2021)
- Amendment Notification: No. 57/2024
- New Date: March 31, 2025
- Caisse de dépôt et placement du Québec
- Original Notification: No. 43/2021 (May 4, 2021)
- Amendment Notification: No. 58/2024
- New Date: March 31, 2025
- CDPQ Infrastructures Asia III Inc
- Original Notification: No. 44/2021 (May 4, 2021)
- Amendment Notification: No. 59/2024
- New Date: March 31, 2025
- Ivanhoe Logistics India Inc.
- Original Notification: No. 45/2021 (May 4, 2021)
- Amendment Notification: No. 60/2024
- New Date: March 31, 2025
- CDPQ Fixed Income XI Inc
- Original Notification: No. 46/2021 (May 4, 2021)
- Amendment Notification: No. 61/2024
- New Date: March 31, 2025
- Bricklayers Investment Pte. Ltd.
- Original Notification: No. 51/2021 (May 5, 2021)
- Amendment Notification: No. 62/2024
- New Date: March 31, 2025
- Anahera Investment Pte. Ltd
- Original Notification: No. 52/2021 (May 5, 2021)
- Amendment Notification: No. 63/2024
- New Date: March 31, 2025
- Dagenham Investment Pte. Ltd.
- Original Notification: No. 53/2021 (May 5, 2021)
- Amendment Notification: No. 64/2024
- New Date: March 31, 2025
- Stretford End Investment Pte. Ltd.
- Original Notification: No. 54/2021 (May 5, 2021)
- Amendment Notification: No. 65/2024
- New Date: March 31, 2025
The full text of the notifications can be accessed here: CBDT Notifications
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